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

To: IQBAL LATIF who wrote (23543)	2/17/1999 10:30:00 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 50167

Ike on the SPX...1225 is a sell signal...next stop would be 1210..with 1205 not good...this would be a continuing sell...1190 next if we break that 1140... 1255 is a buy signal up to 1275...

To: IQBAL LATIF who wrote (23543)	2/17/1999 10:38:00 AM
From: IQBAL LATIF	Respond to of 50167

Look at successive higher lows on SPH on supports since the 10th Feb(1215) in short term and in long term since Oct, each low made since 937,5 on Oct 8, next low Dec 1st week of Dec 1150, next 1215 on 10th Feb 1215 is a higher low, I know it is not exotic rocket science but those who have been barking disasters should learn from one basic issue that is never forget basics.. wait ofr this break of 1235 on two consecutive basis before 'real' selling comes out to that we need change in setiment.. It is fun to see market up 5 points and my supports holding like rock. Lot has been written and said about today's action but the fact is that 1232 held like a rock and we could not sustain 1918 on NDx we broke thru 1923 and now are in plus territory.. I am looking at this 50 days MA on SP9H as pits says it takes a lot to get this thing breaking, I think all this halla bullo on SPH and impending market disasters is once again served on bear faces, SOX 375 and SP9H 1232 has not been broken since Oct, we tested SPH and SOX 50 days MA amd had false one day breaks on SPH but this is one thing I am going to keep highlighting, I hate to be whipsawed and now as far as 1235 and 735 holds we go no where but up..