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

To: IQBAL LATIF who wrote (21004)	10/26/1998 5:09:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

This is how I forecasted the market move forward- and that is how exactly it is unfolding, keep enjoying your run if you are in right kind of stocks, enjoy the run to 1755--RUT and composite leading the rallies as DOW languishes.... IQBAL LATIF on Oct 21 1998 2:38AM EST ''I think we will see a good explosive rally in RUT above its 50 days MA-- as we move from 1080 to 1130, this is the first time we will see or are already seeing a broad rally led by small caps, so for me Nov or Dec willbe the best months to play, a cut in Nov will take Rut to its old highs-- so a 380 390 Dec can be very attractive once 50 days MA is out on closing basis and 1080 on SPZ alongwith 1680 on composite I am being careful here to add only on breach of big milestones..the stumbling blocks for me are 1680, 9600 - I also like BKX heading for 800 and I think computers presently fading would do well going by MSFT numbers.<< For me next leg up has to be broad and composite RUT led...Nifty fifties have done a great job so far the market needs some depth and AG has provided some ammunition to small caps with rate cuts, will someone like to see what impact a 4.6% unemployment multiple rate cut have..>>