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To: IQBAL LATIF who wrote (21162)	11/2/1998 1:54:00 PM
From: IQBAL LATIF	Respond to of 50167

RUT moving towards 402 and composite 1810- the targets falling like nine pins... we will be soon 500 point from ;ows of 1320 what a neck breaking move for shorts..oh oh ouch, Everyone at the other side of the bet must be throughly enjoying the great run.. Have a good day.. bonds are down as we saw a strong construction spending although NAPM was weak but everone overlooked it and the long money as it was expected of it is building in that cushion for any inflationary pressures. Debate on 17th rate cut will start soon, 5th of Nov is a big day Europeans will decide on rate cuts, it is expected that by mid 99 rates in UK will fall by 200 basis points, with CSCO DELL announcing this next 10 days and retailers soon coming with earnings, the strong economic numbers will soon tend to create volatility but for me any dips will be good buys, on of my stock talked about on this thread was SDG today an offer was made of a take over, I was just checking it was forst highlighted at 26 $ now being taken over at 115.Good luck and have a good day..

To: IQBAL LATIF who wrote (21162)	11/2/1998 2:18:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

My levels of approaching resistances if we have this close above 200 days on DOW, I would assume that 555 on OEX point 8886 and 1132 which corresponds to 1138-42 band on futures would be point where market would or should take a breather, however as say if 1132 area is taken out than all bets are off, market excesses are a well known phenomenon, above 1132 area we may see because of broad nature of this rally that RUT may move up quite fast, the number of bullish signals looming are quite a few whereas on the other side one needs to take care at these very clear obstacles, I would like Brazil at 7000 to be carefully watched I will have some kind of protection on Brazilian TBR.

To: IQBAL LATIF who wrote (21162)	11/2/1998 2:36:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

A second close above 1771-- will be a good good signal for composite,Jan and June 98 were two earlier ocassions we had this bounce off 200 days MA and you can see that on both ocassions the next leg up is very explosive, I would like that all these factors should be given added importance as RUT unlike now did not start moving up when we had this first bounce off 200 days MA until after Feb 98 and the second bounce off 200 days MA in June saw RUT languishing soon after 10 sessions, so if we have this market where RUT tries to catch up with composite previous explosive moves the overall market can be very interesting to watch as I say all bets are off above the previously described resistance on DOW OEX SPZ, if we have this overall confirmation form composite and RUT also..