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

To: IQBAL LATIF who wrote (32265)	7/17/2000 9:46:03 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 50167

Evening Ike.. yes it has been a sparkling rally off the lows..just great.. i always make more money on the long side<G>... as of right here we are due for a pullback to old resistance areas on the SPU and SPX and OEX etc.. actaully the NDX chart looks the best... however we have deadly doji's on the Spooos and SPX..at the tops today.. i am looking for an expected volitile 1-3 days down to SPX 1480/85 area...bewtween 30-40 SPX points..should do it..there are a lot of overbought stocks right here... now if we do not go that low, then the next move will be even bigger..there are not a lot of sellers out there right now... so i lightened up my longs at the top, and want to see what the next 2 days look like... before i really get aggresive...your calls have been right on target...my cycle guy had the top today almost to the numbers... anyway many of the top techs are doing well... i foresee nothing to stop them now...at least for the next 1-2 weeks... my regards as always..OJ ps: i've been KLICity KLACin again..seems they are always back for more<VBG>...

To: IQBAL LATIF who wrote (32265)	7/20/2000 11:56:35 AM
From: IQBAL LATIF	Read Replies (4) \| Respond to of 50167

Yesterday Comp and NDX close was typical test of 13 days MA in an upleg, I would not be too much worried about that Comp 20 days ma lies at 4050.8 and we closed yesterday at 4054 with a low of 4047, NDX 13 days MA was at 3853 we closed below it and now are much higher, the action yesterday was typical of running the supports and I will like to consider that of no technical consequence.. IBM looks most likely to move up from here it has tested is most likely going to go and retest the 120 area the reversal is clear.. DOW looks explosive and looks to make new highs as well as SPX, we tested the 13 days MA at 1480 a touch higher at 1481 and now are at 1496 higher than 7/18 high of 1493, for SPX to reverse and close above the high of two days selling from a test 13 days MA support is a great indicator..of markets solid footing going forward.. LU is one good stock to follow and enter below 53.. area or above 58... AAPL looks good too as well as VERT that looks good above 66, QCOM 61 test is encouraging but it will certainly be amove back above 67 for a fresh new trade.. MSFT INTC earnings have been statisfactory and I would like that Comp takes out 4200 level to make a move that would be broader and more extensive and rather more inclusive..IIX 474 move to 531 and back down to 518 low with a close at 520 all considered is for me a healthy retracement from interim top of 531 to 518, JDSU is a top class technolgy although very dearly prized for what it is now but it can become a momentum stock and move well ahead of itself..