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

To: The IB Dude who wrote (38970)	4/16/2001 12:02:24 PM
From: IQBAL LATIF	Read Replies (3) \| Respond to of 50167

At key points like 1080-90 and 1180 areas, too much noise is much ado about nothing, in these 'ego wars' of analysts of major houses we don' want to be caught. I think 1182 is a area of breakout and we will see these kind reversals and strong resistanceat break out, those who were calling the 1080-90 or SOX 450 area as a breakdown to 300 are naturally sour, I think any one who disregards the SPM at these level or SPX and try to see the market from a myopic seperate single news analysis may have had hard times. If we are able to hold this 1178 and 1167 area, we will most probably go and check this 1192 today or tomorrow, on break of 538 on SOX we can see retest of 500. In bettwen Comp 1900 is a good support and we ned ot ocncentrate on SPX 1178 area, play within these levels ..a long trade above 1183.6 to 1188.9-1192 and shoert between 1176-1167, futures only to get SPm level add prem..as far as 10100 is maintained we hopefully will regain some lost strength.