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

To: Ross who wrote (21844)	12/9/1998 4:15:00 AM
From: IQBAL LATIF	Respond to of 50167

Lets close above this 1180 today- these are precarious levels and DOW inability to move is kind of weighing on the market, the problem Ross is that DOW whatever disdain I have for it as I totally depend on very different indicators like I did for this huge move up on NDX, has some psychological following with big fund managers if they see it stalling or breaking a key support no matter what happens we will see softness, it is an international index watched by most of the big guys as such it closings and movemnets has far bigger and deeper impact on the market, now a days it is moving sideways, when we caught NDX DOW was at 7300 level it had not broken like NDX or composite to 1050 and 1320 on two year lows rather every thing else was breaking but DOW was holding well it wasthis that I always have said that on 8th Oct we saw DOW at 6500 level that should have been the equivalent of NDX 1050 and composite 1320, so we wnet into oversold sectors and made it big but right now we have seen NDX making 65% retutns and DOW has to move in tandem, NDX cannot move higher if DOW tags laong grudgingly so for this next move to develop it hasto be across the board a big move and major indicators should move DOW is the one I am right now focussed it looking a bit tired and unwilling to party.. Ross I hope I was clear.. SOX sits on old resistance of 360 right now-