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To: IQBAL LATIF who wrote (32977)	9/12/2000 10:27:47 AM
From: James Strauss	Read Replies (1) \| Respond to of 50167

Ike: The NDX has bounced off the bottom Bollinger Band... 207.61.23.98 The top of the band is in the 4100 area... Jim

To: IQBAL LATIF who wrote (32977)	9/12/2000 12:48:28 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

QCOM looks good if it takes out htis 63.4 level..

To: IQBAL LATIF who wrote (32977)	9/13/2000 5:04:22 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

I think 3692 on NDX is the 100 days ma is violated once now if we continue this today we are looking at 3559 level. Spx 1382 is also at a 50 days support, if we break this only than we can see some intensified selling . I think so far we have sen these important support sanctity been maintained for me that is an an important indicator for the change of trend or sentiment, within a bull run a retracement has to be given some lee way..the oil situation or pre-announcement all have a capcity to break this market but DJI and BKX does not give me such an indication, I still think that we are going htrough a rationale broader distribution and fast making money strategies are not being rewarded that adds to confusion as range moves destroy a lot of day trading activity profile, in this kind of environment the best strategy is to watch and hold on to the core and not to get panicked..that is what I have been doing very nicely..