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

To: IQBAL LATIF who wrote (19685)	8/31/1998 1:21:00 PM
From: steve susko	Respond to of 50167

I think the bear finally got one over the bull.

To: IQBAL LATIF who wrote (19685)	8/31/1998 3:47:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

I would think that a close below 1000 on S&P would make 990 a resistance now this has been a resistance before for quite some time, but still a second close below 1000 is important and I would think that we would see 970 area where we are heading to, and with this kind of close today I would think we will not get too good an opening tomorrow, however I still think Nekkei and ASEA holds the key-- if we will hold on we will have a close higher but if we capitulate, we go around 965 to reverse and stay in this range for some time atleast two or three days it all depends on what happens tonight. I would like to go in tomorrow with my positions intact and hope to cover an hour after opening..