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

To: Susan Saline who wrote (31011)	3/29/2000 12:03:00 PM
From: Yaacov	Read Replies (1) \| Respond to of 50167

This is the second day dear Abby is spoiling the NAZ! Maybe she got more than she bargained for! I wonder if we see any window dressing by money managers today!!

To: Susan Saline who wrote (31011)	3/30/2000 12:01:00 PM
From: IQBAL LATIF	Respond to of 50167

Susan... I think the market action can be summed up with this post of yesterday, we need to stop at 4400 on Comp otherwise it can get real ugly for Internets, GS has a big exposure to Internet stocks for them to change from 70% invested to 65% invested would mean a lot of cash and positions to be sold, the problem is the weak hands, can they hold a week of selling, everyone is looking for a bounce and that is the most dangerous thing, if we don't get one the most liquid positions might be thrown in but overall it is brka that is showing some strength and stocks like HON IBM KO even PEP KM and GE, I think this rotation has still to go until we close above 13 day ma of Comp that is around 4800.. To: vish ramamurthy who wrote (30992) From: IQBAL LATIF Wednesday, Mar 29, 2000 10:11 AM ET Reply # of 31015 Vish... I don't see at the moment any problem with AOL TXN IBM.. clearstation.com finance.yahoo.com I think that you got to trade your April options off 5000 on Comp if we take this level out in next couple of days we are in good shape with those options if this Comp 13 days support is taken out, we are on it right now we have the potential to revisit the 4400 area, the concentration of support on that level, with OPEC deal and robust earnings I think will probably hold. I think 13 days MA and James Strauss runs a thread on it in a bull market is very important indicator, the break is always bullish and bull trend is intact as far as that average is respected, I see that my harmonic convergence may help these stocks all of them and Comp may still suffer, if you really scratch the surface a little deep you will find that something is not right with internet sector, we have ICGE CMGI and IIX DOT or the Softbank all languishing the kick in those stocks is just absent and that gives me not a very great feel about the sector..the one worrying thing for any tech investor should be the lower double top in Comp and an effort to test the 13 days MA and breaking it too, if we have two consecutive days of this action even TXN INTC MSFT IBM CSCO and most of winners takes it all will intitally suffer albeit the real crisis will be in other higher P/E's untested models, these winners will come back up and help the SPM to move higher with DOW but story in COmp can be different a reverse of what we had seen so far. These are just points which I think are road map of what I think is possible market action but I take my models and free thinking seriously, at the moment when to book the profits for you for April calls have to be based on your own strategy, my long term targets for AOL TXN IBM are much higher like 85$ for AOL.. <<your calls lately have been exceptional..especially the reversal in the DOW...please keep up the good work...although not many people post here, it is a must read in the morning for many people that i know...>> I understand your point and hope that this monologue will continue with exceptional momentum, the most important thing is to continue this on.. best regards..