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

To: James Strauss who wrote (21593)	11/22/1998 8:34:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 50167

I think you'll be right Jim...i would wait for Asia though..Japan still has a long long way to go... as for our markets, alot of money looking for a home... i did a P&F on the SOX...it looks perilously high...it will pull back...so will all the semis..esp. the equips...they are way ahead of the curve...yeah there's some good spots out there but NOT in equipment land ....stay away..... i can't think of a single thing that will stop this train....

To: James Strauss who wrote (21593)	11/23/1998 3:26:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

James- International markets are doing well, since $ weakeness we have been highlighting this issue that major benefactors of this weakenss would be ASEAN, nearly all the webs with exception of Malyasia and Indonesia are up from lows (the two exceptions due to exchange controls and much more percarious situation politically than the other peers in the region.. The small stocks in US will in my opinion also relatively do good, by March we will have this big move to reach its prime.. I would look at NDX performance very closely it needs to be trailed closely, I have highlighted the levels earlier, the kind of correction we have gone through it is more likely that we will see surprises it is not going to so easy cut and dry, my level to watch is 1158 as a support and 1180 as a resistance.. Take care.