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To: IQBAL LATIF who wrote (24699)3/25/1999 9:24:00 AM
From: hjz  Read Replies (1) | Respond to of 50167
 
DCLK to rise again now that market has stablized. DCLK was on it's way to reaching new highs and then the market started to fall sharply. But now people are finally concentrating on that deal that DCLK made earlier this week, it was really an incredible deal for them and now people are finally seeing the value of this company.

HJ



To: IQBAL LATIF who wrote (24699)3/25/1999 10:29:00 AM
From: James Strauss  Respond to of 50167
 
Ike:

You've got your NDX 2015 support locked in so far... : >
iqc.com;

The Dow is currently trading above 9750 support... It's important that it closes above that level... Otherwise we test 9600 again...

Market breadth is positive so far... New Lows are below 40:
quote.yahoo.com

If this continues we should get a real pop overseas... I'll be shifting back into internationals and emerging markets for a short term move...

Caveat:

The McClellan Summation index has turned down again...
decisionpoint.com

This is representative of an Advanced/Decline Moving Average... Since Moving Averages move slow, this turndown should be taken seriously...

As I type this the Dow is trading near its 9750 Resistance/Support area... It must close above that to reverse short term negative market sentiment...

Jim



To: IQBAL LATIF who wrote (24699)3/25/1999 10:31:00 AM
From: IQBAL LATIF  Read Replies (3) | Respond to of 50167
 
I am watching this rally, is it a short covering rally or a real one, I would stick to my observation of the morning, if BKX stays above 850 and NDX stays above 2005 and 2003 the 20 days MA and 50 days and if it stays above 2015 today the whole day it may drift to 2003 but I think this new buying it is not short covering rally, the leadership is coming back and that is a sign one cannot ignore, but keep a watch on 2015 on NDX and first sign will be composite 2400 around 2388 break I will ignore, also OEX 638 is critical...But to go higher take care of lower levels that is art one should not forget.. A bounce off a support and side way trading pattern with higher lows and yesterday low is higher than the low in mid feb and early March indicates to me a positive sign and good building which may translate into very strong move on a break out of 2150 NDX.. so keep looking..