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

To: George Mc Geary who wrote (19243)	8/11/1998 9:59:00 AM
From: IQBAL LATIF	Read Replies (3) \| Respond to of 50167

Look at action of major stocks and DJIA- the pits are at the other side of trade on opening- they are bidding at 1071 on opening so normally they would like to take it higher to 1080 -1082 area and will like to test 1060 the intraday lows of last week. Probably I still think that SPU test of 1060 will hold again today. Look also at Europe after being down heavily they are holding well rather well up from lows-- SOX and PSE is not showing any catastrophic opening, in circumstances like this I maintain that this is extreme fear the world is not falling apart. Russia is down cumulatively 19% so is China making a break below 200 Days MA but I see that this is not going to break DJIA until my core stocks start breaking- the speculators are fully invested they are trading instruments I am waiting for that break of core stocks until than pits will reign supreme. Watch out at 1080, if pits are able to take it up there.