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

To: thebeach who wrote (21934)	12/15/1998 10:15:00 AM
From: IQBAL LATIF	Respond to of 50167

I would like to see a first possibility if 1148 support holds on SPH- if wqe bounce from there I would like a long trade on to 1166 area- next ressitance is 1179. If we break this we should see NDX where I expect 1595 to hold in case 1148 is taken out- I would like to make a long trade on some of my favourite bell weathers at that level- I think a strong opening will not mitigate fear of last few days however that said I will also not over look GE forward looking statements. I have few great stocks in sight where I will certainly play, 1614 bounce is not good enough totake it up I would like this NDX to break thru the 20 days MA at 1600 area get people short and than bounce. This is a purely trading market and a good market for opportunities, the trades have to be strictly with fixes objectives on upside and the downside until Clinton thing and BKX Tranportation get going I doubt we can see a new high, however I have one comment the bounce off 1148 or even 1146 can be explosive, if we hold that support it would be ggod signal to retest good 1179 level in next couple of sessions. This is interesting market and playing it on the right side is fun, however below 1138 we have 1126 the target in next few days where NDX can be sitting at 1540 area.....