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

To: James Strauss who wrote (21112)	10/29/1998 10:11:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

I have my own reservations on DOW old highs I would think that composite old highs will meet DOW at 10,000. So we can see a lot of rally, as I right now see an apparent break out in SOX, a double bottom and a 20 days MA crossing over 50 days a sure sign of a two to three months of strong rally in SOX, I will like to bet on Jan 300 even selling 220's and cover them break of 245-- for conservative accounts they can wait for 1755 or 1080--- I addthis chart with my chart of $ weakeness and associate $ weakeness with techs, the only thing I see we go higher, unless some fundamental news derail the market, so one hand I am watching BKX for a decisive move above 730 on the other I am looking at a break of 710 and 690 if that happens we wil see every thing in a downturn until 1055 or 1680 holds so we have whole range of movements here to watch and we are trying our best to do it right..