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

To: Susan Saline who wrote (32428)	8/14/2000 3:27:10 AM
From: IQBAL LATIF	Respond to of 50167

I think the most important point for the bounce would be for leaders to establish a good run, look at DOW most of the leading stocks look good after establishing good base I am looking at htis point 11124 as the next point on DOW.. For NDX and Comp Friday was classic whipsaw action from the lows of 3521 to close of plus 29 at 3645.77 we had seen a good move of nearly 120 points in day although the volume was below average, Comp rebounded nicely from 3686 a shade higher than my point of 3666 but in my opinion it is NDX 3760 where 50 days and 25 days MA are meeting and 3908 on Comp are immediate points of resistance, if these are taken out we can assume safely that we will see 1500 on SPU be a support and 11124 a new support for higher moves of the market..