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

To: OVETUS who wrote (36968)	3/5/2001 2:39:10 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

1226.7 is a major support now and if we maintain it we may see that 2250 on NAZ may be finaly taken out... this area interestingly sits at 25% FIB retracement from 1982-2000 bull market.. if we break htat support I see DOW selling faster than NAZ..It is only a bounce above 600 on COX and 250 on IIX that NAZ raly is playable.. I am looking forward for that.. with my only cash in bonds and old economy stocks I call MO invesmtent as cash and Brka invesmtent as cash in these trobled times.. that constitutes less than 38% and hence I am technically fully invested.To go to that 100% level, I will have to bite that bulet and think that we have seen the bottom..with DOT at 267 near a year double low i would look before biting very hard.. I will like SOX and IIX to give me solid signals of reversal thati s my plan going forward..