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

To: Luce Wildebeest who wrote (31478)	5/17/2000 9:38:00 AM
From: IQBAL LATIF	Respond to of 50167

Indexes give you that early warning of rally brewing or a fall coming, we have in last few years seen this as leadership transfers from one index to group of others, recent fall saw a huge decline of IIX DOT PSE NDX NWX and COMP but if you look at the rally of Comp and fall you would find the big role NDX 100 played in it, nowadays SPM and OEX are leading indexes that is they have taken out resistances earlier than others but the others have to follow otherwise momentum will not build up, the momentum in this market will only come if leadership and investors interest in PSE IIX SOX re-emerges. Since beggining we have followed this strategy and have maintained a line, no market strategy is self fulfilling it is dependent on other major factors which we try to analyse on daily basis, I hope we can continue doing that, and thanks for your comments..