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

To: S. Chiang who wrote (21482)	11/18/1998 3:38:00 AM
From: IQBAL LATIF	Respond to of 50167

I would like to see some weakeness as pits expect that this all depends on 1500 on NDX if that is taken out and the fliers start rallying than we could have difficult time getting this down.. However fact remains markets are highly manipulated places and I know that if they want it they will get it, like they did in case of bonds they just ran the darn thing up up and up and finally had everyone run for the cover at their price I never underestimate their resolve right now they would like this thing to test 1129 that what their target was last night from 1157 back to 1129 first get people long at 57 and than stop them out at 1129-- the one side of the leg is delivered I wait ofr the other -- keep a good eye on BKX and NDX you will see if 1485 is taken out to get on high alert for that small move down, I am also looking at 1391 on NDX that needs to be filed also not filed but needs to be tested for a new break but we can see this break out on NDX take us to 5% higher from here and than come and test 1455 area as 20 days support..I will still be weary of going long or new positions on RUT even I would like above 392 for Dec or Mar all depending on one ability to pay the premium or run he wants to get.. JPN indexes look good as does ASEA stocks and emerging markets for some 3-5% exposure in these webs.