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To: bobby is sleepless in seattle who wrote (35008)11/9/2000 8:26:26 AM
From: IQBAL LATIF  Respond to of 50167
 
5/24.. 3270 was the close, on 5/30 3286 was the low of the day, 10/17 3278 and 3290 on 10/16, that is how I determined 3280 as area of support, now 3226 is equally good support that extends ll the way to 3160.. however the uncertanity element is not good for the market, I will below 1400 make defensive play on a very tight stop losses, like long puts below 1398 and cover them at 1409 break if 1400 is taken out..


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