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To: GROUND ZERO™ who wrote (23189)	2/2/1999 11:48:00 AM
From: Paxb2u	Read Replies (1) \| Respond to of 50167

GZ, What would change your mind about overall trend still being up? What are you watching? Thanks, Peter :o)

To: GROUND ZERO™ who wrote (23189)	2/2/1999 1:49:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 50167

GZ: The McClellan Summation Index continues to point to lower market prices ahead... decisionpoint.com I'm looking for a test of the 9100 and 8950 areas on the Dow... Jim

To: GROUND ZERO™ who wrote (23189)	2/3/1999 1:00:00 AM
From: IQBAL LATIF	Respond to of 50167

GZ-- I think we had a good test of 1252 on SPH yesterday- I was closely following the BKX and in my opinion 788 area should hold. I am biased on the upside as I think this 20 days MA test cannot be ignored moreover I think we cannot overlook the strength in economy and the bouce of real.. If the banks were weak as a result of 'problems' in Latin America, yesterday bounce of Real was good omen. I am noticing this slide in Nikkei to 14100 and would like this area to hold. I think we may have a retest of 1255 which I expect to hold.. Foe me the most important indexes to watch are BKX and DTJ.. I also noticed that RUT came back up after a retest of 417 level again a kind of good test of support. For me I consider like you do that we are consolidating at these levels and until 1245 level is decisively taken out we are gong to take out the DOW resistance of 9500. Foe me a double close up at that level will set this market run for 10200 level.. On SPH 1292 was my last week target we have to make an attempt and the break will only be valid if this 9500 is taken out as SPH 1292 is broken. I am looking at the economies of Europe and consider that strength of these economies and merger and acquisitions within 'Euroland' will soon bring some gladtidings for depressed sectors like water and utilities. In all this scenario BKX sitting at these levels makes no sense we need to see the attck to 872 resumed and in my opinion looking at the discount which BKX is selling to the market this is doable.. Thread I am very busy in Karachi I will only resume my regular postings from Saturday after I go back to Islamabad.. Thnaks to Karim Pirani and everyone for making my stay in Karachi which was anyway my home most memorable and loving.. Love and regards I see a huge list of messages to be repied nearly 29 I will handle them asap please bear with me as I keep a hectic schedule in Karachi...