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

To: Sonki who wrote (21574)	11/21/1998 6:28:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Sonki-- I think you are right from mid June to mid July 98 or even later July that is the only period I recall when MSFT cut loose that Gap between two comparative charts diverted, it is a perfect channel with the exception of that period the two have synchronised move otherwise if you go back tow or even more years on daily chart, the other period with lesser divergence is the present recent move of NDX without equal participation of MSFT however the comparative channel still shows that one period as a period of marked distinction.. I would think NDX sits on 1550 a very critical level of resistance in my opinion the trend lines which I am right now wooking on show that 1554 area is the tip of that breakout within breakout possibility that break will only come if some of the 'important components' of NDX cut loose from here, great observation Sonki-- Hat off MSFT moving NDX would mean that soon the tail will wag the dog-- keep an eyeon this thing I am highlighting lets see the results I will than be able to present a more concrete picture as to why I am attaching so much importance to NDX break of this 1554 or if we go we go down take out 1520 and hit 50 days or even lower in quest of that retracement which every one else is looking for but my two tests and closes are important element of this fine tuning the down leg in a bull move, the problem is to time it so well as to get out within 2% of top and get in within 1% of bottom, no one can time the market anyone who achieves even a smallest part will do very well..