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To: James C. Mc Gowan who wrote (30390)	1/6/2000 1:08:00 PM
From: IQBAL LATIF	Respond to of 50167

I like this chart a lot I have some positions on JPM C MER ONE WFC at 700 level, since I posted that we are seeing some movement in stocks like the one I ahve highlighted above, the DOW is certainly diverging now that oversold context of 80% stocks is coming to play .. the NDx is selling but money is moving into other good opportunities.. quote.yahoo.com^BKX&d=2ym BKX stocks look to me from highs of 943 and maintaining a low of 690 for last two years a good shout, if we break through twice on DOW 11365 Aug high and stay above that we will see our new levels as DRG DJT possibly may come into play like RUT and othe laggards.. worth a look and go but JPM is my favourite James.. or BMCS or CPQ if this correction has to come, today we did go down from 3500 but were unable to ring the yesterday low rather made a higher low and divergence signals emanating are good from laggards so for me I ahve positioning in sectors I think may benefit look also at brkb bounce of two years low, James the last time I saw a two year low was NDX on 8th Oct 98, it never really looked back but DOW and these are other kind of stuff but worth a look.. quote.yahoo.com if we fail on this 50 days and market breath is bad be prepared for the worse.. rising NDX I was ignoring breath but falling NDX we need across the board move and that includes a much sharper view and broader view of the market, keep thinking all the time and place your bets accordingly..