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To: IQBAL LATIF who wrote (30730)2/17/2000 11:34:00 AM
From: IQBAL LATIF  Read Replies (3) | Respond to of 50167
 
Good test of 10500 on DOW I would think that todays lows below 1392 somewhere around 1388 were a good test we may see a possibility of 1382 but looks more than likely that if we take out 1395 area we may re attempt the old 1402 resistance or that 1408 area. NDX is making a near new if 4500 is taken out on Comp I expect new buying to usher, if you look at this chart quote.com
You would notice that above that 4250 area we had two double gap openings a new high made on back of gap opening is always a suspect now we have filled this Comp opening and if 4500 is tkaen out comprehensively on two closing basis my target on Comp will be 4780 area... on DOW 10500 should hold for this target we cannot see DOW moving lower as Comp trie to make a new high..I need a doulbe close above 50000 on brka we may see a nice move on that too..BKX is always my pet signal and I want to look at it very closely 700 break should not be good and |I need that above 715 above 723 I can see a long trade.. have a good day and good trading.