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

To: IQBAL LATIF who wrote (22870)	1/24/1999 11:43:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Dear Aviator-- I will like to answer this publicly--for benefit of everyone..On Brazil - China and HSI-- quote.yahoo.com^BVSP&d=1ym Break of 6800 takes us to 6000 and this will also be a time when ASEA and every thing else will sell hard so keep a close watch on this chart... 7000 break on closing basis and even 6800 will be a start of period of weakness in the market.. quote.yahoo.com^SSEC&d=3mm On China I have yet to see crisis point as highlighted by few the market is not showing that I don't give much credence to the selective bad news...The market today is not showing if China has backtraced big on some global commitments.. Rather--Japn which was down so far fwiw is trying to break for a second day a close above 50 days average... quote.yahoo.com^N225&d=1ym HSI- has been weak but if you consider the rally from 5000 such a retracement is perfectly possible.. Weekend end of the world news are not based on facts but rather figment of illusions and myths...On HSI 9100 will be perfect test of 200 days MA and I think nothing wrong in that-- quote.yahoo.com^HSI&d=1ym Look at the reserve situations of these countries - ASEA has huge reserves and I doubt that we can see a double play here i.e. sell the market and get the currency if they could not take the peg out in -Sept-Oct98 I doubt present reserve situation warrants a success of such an operation... I will like to tie all this with composite 2320 break which I expect is a critical level -- my objective would be to test the 50 days MA on composite.. if 2320 is taken out... so would NDX.. I am glad to see cut to half the valuations on internets and I would think that after a 35% move up from recent test of 50 days on high fliers of internets we will re-evaluate the situation a continuing crisis in ASEA may lead to higher speculative activity in internets..