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

To: steve susko who wrote (18620)	6/18/1998 12:31:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Last night action on Semis is not a good sign- I think that if you go by last few years this stalling on major resistance 243 area which was a major support for quite sometime indicates that someone is planning to send a pre-announcement, normally we should have had rthic hrdle out of our way last night the 243 hurdle a big move was not able to take that out. I will like to see this very closely and short SOX below 227 expecting to hit 220, on the up I will only add positions after a double close above 243, last night on break of 239 I ditched positions which I added on Tuesday, I will now wait for clear direction it should normallly take out 243 even if NY PC exhibition bullishness can lead to such a sell out in a weakwer market things could be much worse, todays ASEA action may help semis as Korea ZThai and HSI are all strongly up.