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

To: IQBAL LATIF who wrote (18497)	5/28/1998 10:15:00 AM
From: Brian Fukuba	Read Replies (3) \| Respond to of 50167

Economic Calendar: GDP (Prelim) 4.8%, GDP Chain Deflator 1.0%, Initial Claims 312K, APICS Survey 47.4%, Durable Orders 2.6%, Help-Wanted Index 91. Details: briefing.com Weekly Summary: moneynet.com Ideas Home Page: come.to bri Ike, Thanks for your levels on SPM. Will keep my eye on that and composite. And for your warning on Russia!! Chuck, AXPH,Stochastics on AXPH are in the middle range, it's sitting above it's lower bollinger band range 7.2-8.32, last trade was at a downtick. Volume is higher at ~30% above average. Charts are not apparent to me as to a clear short term indication of higher/lower.Stock has been under pressure this year after the merger with SQNA. Large fund has been liquidating it's shares due to the dilution caused by the merger-think they're done. Good luck with your daytrading!! Nemer, <<gggg>> I'll email you a virturalized shinny penny. >I'll bet anyone a shiny penny dow goes down 400 points on Wednesday

To: IQBAL LATIF who wrote (18497)	5/30/1998 3:24:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

SOX is sitting at a level on 259 which is in ball park of 260 a level and a support only taken out twice since 1997 Jan. I would like this support to hold and expect that probably that may be the case. Composite and SPM are sitting on intermediate supports, with INTC still under pressure I see a possible test of SOX 243 the previous low if 1092 on SPM is broken on Monday. For me caution still remains number one priority.Yesterday inability of SPM to break above 1102 showed a bias of a possible break. I feel as if some unseen hurdle is blocking the move up. NAPM numbers and positive data which may show slow down early next week will take us above 1102 otherwise we are prone to a slide down. I will initiate new positions above 280 on SOX and above 1110 on SPM otherwise will trade on short side with tight stop losses.