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

To: James Strauss who wrote (31223)	4/17/2000 3:35:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Ideally if we close above that SPX 1380-86 it would negate a lot of technical damage, a single day close below 200 days MA on SPX or SPM (1392-94) is always considered doubtful signal, given the amount of selling I would not be surprised that we test that 3000 but a bounce off this 200 days MA on SPX plus Comp can be very helpful, note what I have highlighted the divergence between NDX and Comp..NDX is up 5.12% and Comp is up by 2.18% now that clearly signals that money is going into NDX leaders, this is a repeat of "winners take it all" that started this whole tech flare up that was overtaken by IIX and DOT .. I am confident that when real earning season commences if we are little lucky on the inflation front the DOW- BKX _ SOX and Drg indexes will provide ofr the vaccum of DOT.. the disappeared 2 trillion$ from equity has removed a lot of headache from Feds and noticing the cooling down of the markets and huge reduction in buying power they would like to see that world equity markets may settle.. in their wildest of imaginations they could not have expected DOT return to normalcy still some fat left without global damage.. I think if we casn maintain Japan alright we will see that 200 days MA can become supports.. from here.