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To: IQBAL LATIF who wrote (39730)5/21/2001 5:23:23 PM
From: IQBAL LATIF  Respond to of 50167
 
Reading markets is an art, learn it well, look at the action from Thursday this small post defines it to the core, no big deal but market mavens are people who learn it well and this can come through reasoning that you guys are displaying, great posts and I think that it will help develop your outlooks and careers a lot.. <Thursday, May 17, 2001 1:05 PM
View Replies (2) | Respond to of 39741

DOW 11320-390 is the area of maximum resistance, in my opinion we shall see a good possibility of retracement at that point within 50 points from here, if we go through for which I see less chance as far as Comp does not break the 2250 area, we will see a huge rally but i would like 11350-390 retracement to 11000 and Comp to start catching up with SOX IIX NWX showing some signs of getting out of oversold levels.. 1292-1328 will be achieved with more of Comp and less of DOW.. >