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

To: Karim Allana who wrote (31492)	5/19/2000 11:37:00 AM
From: IQBAL LATIF	Respond to of 50167

<<. Most stocks are making lower highs and lower lows, forming a tight wedge pattern. We are getting ready to move one way or another, soon.>> The extreme movement can be expained despite of huge inflow. SPM down 25 is related to expiry of options today, we are at rather no mans land 1418 -1422 area well below what I thought should have been respected the 1448 but well above the 1384 support which has seen a rebound, I think that at these levels the pit traders will benefit the most. To see the market die in the middle of a volatile range, neither those above 1455 calls get any thing nor the ones below 1384..