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To: IQBAL LATIF who wrote (30580)	2/2/2000 8:50:00 AM
From: tech fool	Respond to of 50167

RSI on BRKB is still dropping too, down to 22%.

To: IQBAL LATIF who wrote (30580)	2/2/2000 10:00:00 AM
From: Al Serrao	Read Replies (1) \| Respond to of 50167

Uncle, take a look at GLW. They have everything JDSU has but they make money. If we can close above 160 we may see another leg up. Regards and hope your family is well. John will be off to U of Texas at Austin this year.

To: IQBAL LATIF who wrote (30580)	2/3/2000 8:12:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

This channel on SPH provides me with some fringe evidence of underlying trend.. Look at the chart and you owuld notice a descending channel, with lower low evident rarely until a new high is taken out on SPH the daily chart shows a strong resistance on 1428 and 1442 area.. This would translate to 11250 area on DOW or 11385 the next one, medium term outlook for DOW in rising interest rate environment I see that DOW is under pressre the old economy dominant in DOW index is showing those strains. For me the most important support on DOW is the long trend line support drawn by connecting the lows of Oct 98 with those of recent lows, we find this critical point 10680 which if DOW takes out 11000 once again should hold.. If we take this point the next stop may be as low as 10000..( I just checked GZ's yesterdays post post where he refers to the same observation which I am highlighting today here in this chart...http://www.tscn.com/wsc/Corporate_Snapshot.html?Timespan=520&PH=2&TSym=.DJI&PH=2) My point of that 10680 is the resultant point from GZ extended trendline of the Oct lows.. I agree that we need some benign numbers that I would assume may take some time to come and I see that market may be choppy as a result..Risk premiums and discount rates for the earnings both get impacted seriously in risng interest rate environment with tightening bias, the market would like that future numbers should be ideally neutral and that would lead to hard rally, a .25% increase have two spins one is that fed feels less threatended other that fed likes a series of quick one and that is one needs to worry about. My job here is to talk loud about possibilities and probabilities on 'if and when' analysis I do identify outside limits and than try to make some arguments to trade within those limits, I try to avoid a judgemental approach, for us it has to be daily watch.. On SPH from that 1356 low support to 1428 test we see a 40%retracememnt of that spike sell off from 1488 area, now to carry on with this rally we need that 1442 to be decisively taken out, I would assume that individual stocks with speical situations and dynamic following will continue to putperform indexes, one needs to be rightly placed.. considering two lower lows since Jan 3 I would like 1442 to be taken out for a legitimate rally otherwise i will try to trade the momentum and be nimble..