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

To: mattie who wrote (32959)	9/12/2000 5:15:31 AM
From: IQBAL LATIF	Respond to of 50167

3831 on Comp and 3692 on NDX are the supports I am looking at, the indicators like VIX and P/C are above 21 and .6 that indicates some kind of rising pessimism which is good for htis market to find a bottom. BKX attempted a new high I have to see how many time before we have seen sustained selling or correction of plus 7% on Comp with BKX making new high and $ strongly bid, I have feeling that IBM INTC downgrades had a disporportionate impact but overall we are testing the 50 days Support on SPX at 1381 (1383). CMRC is doing fine and looks like going higher if 790 on DOT and 515 on IIX are held.. One my favourites TXN at 55 is going to put a double bottom and deserves a look..