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

To: IQBAL LATIF who wrote (18491)	5/27/1998 10:13:00 AM
From: Brian Fukuba	Read Replies (2) \| Respond to of 50167

Economic Calendar: Mitsubishi Index 0.1% Details: briefing.com Weekly Summary: moneynet.com Ideas Home Page: come.to bri Ike, I was looking at that particular post of yours on 5/22. Thankss very much for your levels. Did not pull the trigger last week on some trades because have been waiting for SOX to close above 280: <<I would like Intc not to close below 75 and would like SOX to take out 280-82 resistance without closing second day below it if these conditions are not met I would think 265 is on cards-- I would think that composite 50 days MA will then become the acid test of interim market direction if composite 50 days MA is taken out twice I would think that INTC can test 68 $ the previous low. >> INTC currently at 74, looks like possible test of 68?? Looks like another roller coaster ride today. Will be out of the office today so I'll miss the fireworks.

To: IQBAL LATIF who wrote (18491)	5/27/1998 6:46:00 PM
From: steve susko	Read Replies (1) \| Respond to of 50167

Dead cat bounce or the bull kicking off the gate for another charge -- which one do you think?

To: IQBAL LATIF who wrote (18491)	5/28/1998 3:08:00 AM
From: IQBAL LATIF	Respond to of 50167

Yesterday was a strange day what looked a solid break of 1102 in the end turned out to be a big bounce which took out the intermediate resistance of 1092 with ease although in early morning session we saw that SPM retreated from 1093-- now technically this is the first time we are out a range on two closing basis but if we see at composite bouncing of 1753 level one needs to improvise its predictions a bounce off 100days MA on Nasdaq and a good rally in the late session combines to form a good projection which may take SPM above 1102, the two closing impact will then be slightly minimsed and target of 1040 become little obscure however as I have explained earlier to Bri that it is Russian situation which is alarming not on economic fundamentals but due to residual fall out on matters of higher security concerns for continental Europe hence continued weakness in Europe will translate into problems in US markets. I would like close follow up of CAC DAX and FTSE indexes.