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

To: IQBAL LATIF who wrote (20988)	10/20/1998 10:18:00 PM
From: James Strauss	Respond to of 50167

Ike: The decline in the afternoon could be as simple as profit taking... The short term McClellan Oscillator was at multi year highs... decisionpoint.com Many traders would view this as a time to take profits until the readings fall below "0"... Sometimes the simple explanations are not that obvious... : > Jim

To: IQBAL LATIF who wrote (20988)	10/29/1998 4:05:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

so I predicted like ''but composite 1680 is now a fact I would think we soon hit 1755 soon-- 1755 the only thread to highlight this composite level as reisistance - trading thru cross relationships, an Idea art.. To: +steve susko (20988 ) From: +IQBAL LATIF Tuesday, Oct 20 1998 5:12PM ET Reply # of 21120 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..