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

To: IQBAL LATIF who wrote (32383)	8/4/2000 10:50:54 AM
From: Kona	Respond to of 50167

Interesting levels to watch for on monday. The gap closure ran a bunch of stops. A widely followed weekend radio guru had his followers stop out at 84 on the QQQ. Same guy who had people go long at the end of May. Should make for an interesting show tomorrow. Great dialog with the boys, especially the part about whipsaws in this market.

To: IQBAL LATIF who wrote (32383)	8/7/2000 7:08:34 PM
From: PMG	Read Replies (1) \| Respond to of 50167

Some observations: - we have just one close of SOX above 936 - NDX closed just at the 13d MA resistance - the indices are making round tops on a 10d hourly chart - major NDX resistance should be 3970 (top 6/21 and downtrend from 3/27 - 7/17) and the the 3660-3730 area is resistance zone anyway. So for tuesday, there are at least some difficulties who need to be taken out. If successful, NDX could go as high as 3970. If not, the next leg will be down. I am biased for to a downmove. NOK falling 25% after "normal" earnings, its inability to recover, the delay from the bullish economic data to the rally today and the new "are-semis-cyclical?" discussions show me that interest rates are not the only fear, it's growth. And the level has become so high, that simply some cents more than expected are no more enough. Banking and utilities don't offer visions anyway. Money has been transferred into the better stocks, but know one would dare to say that he's sure the techstocks are now fairly valued. There is a new uptrend line at 3609 which should be enough a support tomorrow. I dont know whether I look at the right things but let's see... PMG

To: IQBAL LATIF who wrote (32383)	8/9/2000 9:36:59 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

<<on SPX a test of 1326 200 days MA and aking out of 13 days 1359 today would be very bullish indeed but it would require one more confirm on Monday.. >> SPU would break 1500 once again today and CSCO numbers plus huge productivity numbers plus strong economic momentum and low inflatin is taking us towards the area we think this market is destined for, summer vacation is seriousl issue and hence lesser postings but the whole Ike crowd is reading this thread and enjoying it.. I am watching 3921 0n Comp and NDX 3762, we close above these twice and we will see some good positive move..