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

To: J.T. who wrote (12624)	10/23/1997 2:30:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

JT- You must have noticed they had a second test of 948-49 area and SPZ was back up to 953- just wait for bonds to close- what I am little satisfied is that bonds are on the second test of lows 50 days MA remained around 11610- signals that unlike the morning this was more of a 'steel b---' test not the real one- otherwise bonds should have also tested the highs when low was made on SPZ. This is confirmation in my opinion of so far equities are on equal ranking as far as US assets are concerned- it is a clear indicator that markets are not prepared to treat US equities lie ASEAN stocks. So a ajor disaster is averted but opportunities -little early but it is going to be all over in a three days. The levels you have indicated 7600 are only possiblr if banking gives away- short banking may be.