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

To: Hawk who wrote (17506)	3/21/1998 11:52:00 PM
From: IQBAL LATIF	Respond to of 50167

I would like to see what happens to SOX and other important tech indicators during the course of next week- I would not think that we have much of a room on downside until 280 a critical support is taken out where we may see as low as 262- we are seeing a lot of demand in Europe even ASEAN export figures are showing higher numbers beating lowered analyst expectations I see some minor problems on the horizon but at the moment I will be looking on short side at HFX very closely within 2-3% I will continue to think that we have another couple of weeks but once all these pre-announcements are out of way we may have a smart run on SOX- I think SPM and SOX will not behave in a similar pattern I will consider money in two to three weeks time to flow in Techs coming out of some big movers over last couple of weeks- but lets watch.