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To: IQBAL LATIF who wrote (23451)2/11/1999 10:47:00 PM
From: James Strauss  Read Replies (1) | Respond to of 50167
 
Ike:

I'm still keeping my eye on Dow 9100, S&P 1214, And Transports 3100... The longer we stay above these levels the better... I agree that a move above S&P 500 1262 could take us to new highs if the Advancers continue stronger than Decliners...

Jim



To: IQBAL LATIF who wrote (23451)2/12/1999 4:36:00 PM
From: Joe S Pack  Respond to of 50167
 
Are we headed down hard next week?
So much for my 2 cents worth of prediction based on Clinton's
acquital.
All key indices (NDX, SPX, SOX, DOT, BKX)
did not hold today and we have a short week next week and
option expires on Friday. So given all that only turn around on the
tech sector may be DELL on Tuesday. If it can show a better revenue and a good forward looking statement tech sector may hold for a day
or two. Next round of buying opprotunity is on the card.
Have a nice week end.
-Nat



To: IQBAL LATIF who wrote (23451)2/13/1999 1:41:00 AM
From: IQBAL LATIF  Read Replies (3) | Respond to of 50167
 
I played this market exactly to my post- a break of 2018 on NDX gave me an early warning however I shorted only after 1998 was taken out, covered at 1980 where it stayed for long time but in the end as 1975 was taken out shorted again for the weekend, did not want to go in weekend uncovered, I would see a test of 1923 and break of that level heralding a slide to 1210 on SPH.. if that is taken out I will be looking at 1192 SPH and expect those levels to hold..
IQBAL LATIF on Feb 11 1999 10:27PM EST

I see a break of 1235 as first sign of fizzling of this
rally and I will like to see NDX stay above 2018, a break below that will concern me so
would be the break of SOX below 392 and BKX or DOT- If I see DOT below 478
and BKX below 788 I will like to see other corrobrotive evidence like NDX and
composite and short the darn thing. If all these signals are positive which I am more
inclined to believe we go and test 1292 in few days, DOW at new highs will also make
attempts to soften the upward resistance.. This is how the marekt need to be played..