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

To: IQBAL LATIF who wrote (33344)	9/21/2000 9:27:41 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

I am looking at this SPX chart for last one year, lets look at it closely from 1/28 to 7/28 and inclusive of the last 200 days MA test we have had 10 tests of 200 days MA so far, most of these test are in pair, this is another ocassion where we have one test, most probably for a confirmation we might see a retest or even a little lower SPX, but we will watch for that from Comp in my opinion if we see a close of Comp below 3895 today we may see another test of SPX 1444 area in next few sessions if we hold this 3895 well, PSE 1076 and SOX 1012 will actas a support, IIX is apporaching 535 an inportant resistance at 200 days MA, if it does take it out we may see that we had valid test of SPX and stage would be set for a nice recovery howevr if we fail at 535 we may see Comp PSE taking out the supports and SPX finally yielding to the pressure below 200 days MA.. BGEN is the one stock that looks good for a play..