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


To: tracor who wrote (31073)4/10/2000 12:27:00 PM
From: IQBAL LATIF  Read Replies (2) | Respond to of 50167
 
See that bkx support is at 775, 792 is taken out on single close basis but if we close up on 800 the trend is not really impacted.. quote.yahoo.com

the other indexes ^drg (credit to Rich for re-emphasising the break out last week to OJ, a signal as always OJ preferred to neglect and look other way the klic klac man is always a semi man.. gg)^btk that may fuel this upside on old traditional economy are seen bouncing off 200 days MA or approaching 50 days Ma after a near test of 200 days.. so these secotrs combined with nice decent run of SOX IIX recently does set a tone we are at it right now and a break and close above 10260 area will be a good omen for the market..

The big names are going to make this run possible look at GM and GS indication of 6 old economy stocks, also if GE MOT IBM INTC or by Wednesday AMD set the tone we will be alright, 10250 level support is important and resistance on DOW if this is taken out the road is open for high that needs again a double confirmation, i don't miss thiss 1438 level too highlighted by OJ, so all in all tricky litle situation but well going long on ROH or Ingersol Rand well outside monies with low premium is not a bad deal, dilution of GBLX has resulted in an opportunity here for a long call 40 Sept or Nov trade.. KM at 91/2 looks good to me for al ong trade..sorry I missed your post and replying you a bit late but please overlook.. regards..