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

To: IQBAL LATIF who wrote (13574)	11/5/1997 6:34:00 PM
From: Bo surfs	Read Replies (1) \| Respond to of 50167

Welcome home Ike. It was very quiet the past two days and it wasn't the same without you. Is the soxx ready to go out on a date yet? I'm patiently waiting for your approval. I also like dell for a quick run before earnings. But even with good earnings-will it drop like everything else?? Bo

To: IQBAL LATIF who wrote (13574)	11/6/1997 6:04:00 AM
From: Arik T.G.	Respond to of 50167

Iqbal, The market has completed a violent 1-2-3 correction to the targets I've set (Dow 7700, SPX 940 OEX 900-910). Now we have to see if it is ready to continue on the second bear leg or if it's going to leave everything behind and run to new highs, making the past months another V correction, and heading for the Millenium Crash starting early '98 . So far, as you mentioned, the indexes have managed to handle the resistance quite well. In any case, some kind of down movement is expected today. A reluctance of the market to depart from these levels would indicate strength, and a sharp drop would support my crash scenario. Intraday trade below OEX 893 will give 1st confirmation, and trade below OEX 890 a strong confirmation. P.S. Please excuse the enthusiastic comments I have posted in the wrong time. As I have posted before, I am a lousy trader, and I hope I am a far better strategist. As my track record show, I'm far better at predicting general trend shifts then the day to day movements. ATG ATG