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

To: IQBAL LATIF who wrote (32166)	7/6/2000 10:41:18 AM
From: Peace	Read Replies (2) \| Respond to of 50167

We just tested NDX 3634 (last thurday's low). So far we bounced off that level. If this level does not hold the index will go much lower. I suspect that we hold this level today, however if we can't rally off the employment numbers tomorrow will be a hint of greater downside ahead.

To: IQBAL LATIF who wrote (32166)	7/7/2000 10:35:10 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

I am relaxed with this holding of support of 1342 cash and now it looks that 1382 on sept contract may be come a new support, we have Comp ABOVE 4000 and once again holding of supports helped me in keeping me out of whipsaw, IIX index is back up and above 200 days MA and looks like we will close above it, I would assume some serious interest developing in internets if we continue this trend on Monday. Although Yahoo and QCOM are keeping this under pressure. Market has recoverd quite a bit from a bad damage and looks likely to keep attempting its higher resistance once 1342 could not be taken out, the next point on up is 1392 and I assume that we might see that cracked as a result of softer non-farm payroll number..