Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: JDinBaltimore who wrote (30351)	1/5/2000 9:42:00 AM
From: IQBAL LATIF	Respond to of 50167

John.. From plus 8 to -4 it is very much part of the range now that 1428 1418 are out, it would need some solid gains in lagging sectors if SPH has to stay within range 1400-1418 even if NDX wants to go further to 3500 level or below.. keep looking at 1400-1402 and NDX 3550 ish.. if BKX turns form here that is 700 plus and SOX RUT holds we might see a rebound back to 1418 area, ideally it would be great if we can see some good tests of 1400 twice or thrice now htat uptrend has been broken by this 1442 breach, today probably we will see us closing below 1442 that will be a second close. I would like after this second close a more dfined trading range 1382 on the lower end if interest rates worries are to be further discounted and 1442 on the upper end. I always insist on range so as to avoid whipsaw we know our limitations and range we avoid a lot of hassle, ofcourse NDx 3500 break would lead me to think that we need to retrace 40% on Comp and the SPH range may be slightly adjusted lower however at the moment I am concentrating on few leading indexes. Best regards.. Ike