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

To: Juli who wrote (30872)	3/16/2000 11:18:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

I am out of my station and in a place where I cannot write more, but enjoying my call and feeling that if brka takes out 50300 we will see a huge jump to 55000, I am waiting for the crack if 4400 is taken out on Comp, there are a lot of margin calls will have to be called in, that break will multiply selling panic may set in a little bit and we may see Comp thru the 50 days average a fake close below that is in offing..after that DOW and Comp may live together everafter, close and historical togetherness but the gap is still too much and if we see this funds moving in to place some bets on old economy that may lead to further pressure. I wish I could say that.. market is not about it will be down or up or if Comp breaks all hell would break loose that was the general pervailing conventional wisdom, little did people realised that the big kill will come in as money moves out of Comp and move into DOW as Comp breaks.. Market is never a fixed situation, it is a dynamic fluid situation and we are working around it the best we can, the stocks first to rally would be JDSU TXN LRCX ARBA.. if this selling has to stop further margin damage or an avalanche.. On comp they will take out the 50 days MA and shake the bunch, until that happens I will only dabble on Comp long above 4780 atleast two closes, these big falls an inability to recover with internet testing the 50 days is sign of still a bottom that is far..but keep an eye on Comp 13 days MA we need two closes above that to resume that bull trend.. 4350 to 4320 will be the target now but I have a strategy there as it comes I will unviel it..this divergence is now closing.. slowly and steady still a long way to go... quote.bloomberg.com The above chart was posted many a times and we can keep looking at it but this time, it is selling hard and not recovering and 50 days is very close on IIX if we close below it twice we will see this getting more ugly..