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

To: steve susko who wrote (20987)	10/20/1998 5:13:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Market failed today at 8652 i.e. 8600 resistance-- I think we will see IBM and MSFT leading markets higher-- but composite 1680 is now a fact I would think we soon hit 1755 soon-- I think we will see a lot more improvemnt in composite and small caps-- DOW may see the short term high at 8900-- from where it will re-trace to 1030 level on SPZ-- On earnings- absolutely this fits in perfectly with my overall projections made in middle of carnage- strong economy brings strong numbers- I was just thinking as to the causes of todays decline in late hours I think some smart ass would have rightly thought if earnings are so good may be we don't see Fed cutting beyond Nov- but I think cuts or no cuts a market which builds in prices for close outs will move higher.. the market was expecting real bad numbers it is pleasantly surprised..