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

To: robnhood who wrote (15291)	12/4/1997 10:44:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Russel- Nekkei important levels were a break of 15000 which would have meant serious erosion of Basle capital adequacy ratios, now with that threat out of th way these movements of Nekkei are perfectly legitimate movements within the market resistance and support- we were unable to gwet a doulbe close over the perpetual trend line which indicated a downtrend in Nekkkei they are trying to breach this important hurdle, once this is taken out 17000-17500 will be quite a easy obstacle.1 or 2% drop on Nekkei will not any more create ripples which led to bonds we are now expecting a drop in bonds and rally in market if we get a perfect number showing goood growth and sustainable hourly earnings mix- it is now the weaker number which may break this attempt to new highs my strategy is to be short if on closing basis my levels are taken out i.e. 970 and 280 on S&P and SOX any of the two will signal a retreat down, it is with this in mind I will play my cards howevwer a strong number will help me to predict a break of 1000 soon.