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

To: Brian Fukuba who wrote (19137)	8/3/1998 10:28:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

NAPM is weak, construction spending is high, prices paid are lower than expectations-- GDP growth is expected to be robust. I would think that we have tested 1115 on the opening that is the three point test below a critical support, I would think we should now move up to test the resistance at 1122 fi we are unable to take out 1125 area in next one hour we may to test this 1118 again and if 1115 is taken out we may see a test of 1103 on the cards. My bias is that we will move and test resistance of 1122 and beyond that 1136 is very much possible in next couple of sessions. 1103 and 1136 is the band within which one can trade--

To: Brian Fukuba who wrote (19137)	8/6/1998 2:38:00 AM
From: Brian Fukuba	Read Replies (3) \| Respond to of 50167

Late Night Economic Calender: NAPM Services 57.5%, Auto Sales 5.8M, Truck Sales 6.1M Tomorrow: Initial Claims, Factory Orders, Challenger layoffs, M2, and Chain Store Sales. Details: briefing.com Weekly Summary: moneynet.com Ideas Home Page: come.to Beige Book: Tight job markets slowing growth?? Fed lowering interest rates to prop economy?? cbs.marketwatch.com By Rex Nutting, CBS MarketWatch Last Update: 4:49 PM ET Aug 5, 1998 Also see NewsWatch WASHINGTON (CBS.MW) -- The Federal Reserve could be changing its mind: Tight labor markets don't necessarily fuel inflation; sometimes they slow the economy... bri fwiw, interesting daily market commentary from tdesk@yamner.com . To get on the free email list reply to above with "SUBSCRIBE DAILY" in the subject field. Ike, Thanks for the running commentary during this current market volatility. -- give me political stability I give you the market at 1200-- Saddam rattling sabers. Wonder if he's long SPX puts?? cnn.com