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

To: steve susko who wrote (20928)	10/18/1998 3:41:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

I think we will like to see a test of 1030 that shall hold I will like 690 on BKX to hold and 1575 on composite otherwise I will like to trade within this very tight range, unfortunately between 1030 give or take few points not withstanding a huge break in JPN I just dont see a break possible, I am looking at 1678 area break twice as we move upto 1755 area on compiste still 30% down from highs of few months back on SPZ I will like 1030 even 1050 to be tested-- the Justice dpartment probes are bit of a concern I have hence I have some special situation on MSFT I am long but I will looking at hedge on this one, Yahoo is one stock and other internets that I don't like the look of thme since late, something just not right on internets, these stocks will suffer from lack of speculative money rather all the stocks with high multiples and no PEG to follow should suffer from exodus of noble lauretes from the market..One of my recommmended and owned stock PGR was up 19 and change I expect some stocks with strong PEG to go higher whereas others on strong expectations to go lower, but composite will in face of all this will make to the first target to 1678 area... BKX should absolutely hold 674 support in my opinion otherwise we may drift back to 1000- 1080 band for sometime..