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

To: IQBAL LATIF who wrote (31119)	4/12/2000 1:14:00 PM
From: IQBAL LATIF	Respond to of 50167

I post little things but look at them with a benefit of hindsight, when I established bkx and drg as my key indicator last week I also wrote early this week that swap rates spreads are widening that made me to believe that bkx will run up as swap rates widening to this extent last time was prelude to interest rate cuts, now I deducted that AG and his cohorts are not going to be fools to raise rates when the market is already draining liquidity, that assured I was solid sure that DOW runs but DOW run needed new Gods those were created although belatedly by 'gurus' so bottom line like once before swap rate spreads increase has reduced the chances of interest rate hike that may be reason of a rally beofre numbers moreover the rates I still believe were rising for the concerns of Yahoo SFTBF 'The Economist' article fall out, that did not materialise so are we on the mend .. I think looking at the charts we are going to consolidate at these levels we have had good double inter day bounces off old supports and I think if we take yesterday low of 4020-35 on Comp we will see a solid short covering rally ofcourse if we break the todays low for solid 30 points I will sell the deal and look for opportunity tomorrow the world never ends. Keep your money market opens every day.. DOW to be up 100 with MSFT down 4 is also good omen and BKX is now visiting the high at 855 this taken out 880 is the next target.... as index gets heavier it gets respect in htis momentum driven market, lets wait for our new heavy indexes..