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

To: FJV who wrote (19164)	8/6/1998 11:45:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Franco-- Market is a wide landscape and you need to look at it from an angle which gives you the best possible look. All this additional stuff keeps me focused and off the 'noise' I don't get carried away in a bull trend and like wise I do maintain a solid voice when market testing new lows, this has happened time and time again. One needs to know his fundamentals well but these fundamentals are useless if supports and resistances are not integral part of our overall strategy. I think we may see a test of 1102 today-- if we break that we will see a big short covering rally. However I feel comfort in this nice solid move today but the day is not yet over, the way Techs are moving I would think that 1092 may be established as a interim support here. The pits think we will test this 1102- Lets watch and see. I will like PSE and SOX to be the key indicators for any new sell off- below 259. I think the range will be 1070 and 1118 for next couple of days--