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

To: steve susko who wrote (25881)	4/29/1999 3:08:00 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 50167

I think it's way over sold..... or we can still see the 1330's if it breaks... it's a toss up, but I'm holding my longs for the duration..... GZ

To: steve susko who wrote (25881)	4/30/1999 5:51:00 AM
From: IQBAL LATIF	Respond to of 50167

Test of 2504 and a successful one too is a good sign with DOT 626 test this is a healthy development after a big move to 725 area from 540, a retracement of nearly 60% of the move is good now we need to close above 675 and a retest of 725 will be in offing, if 625 is taken out before 725 we go lower to test 550 again, if we fail 725 second time we will go much lower to test as low as 450. So markets are shaping up nicely and one needs to watch for that 1504 and DOT index with nearly 500 billion $ of cap it can easily correct 50 % without a dent on the market. SPM 1342 remains an imortant support and so does BKX 918 in overall shape of things, RUt is forming a base here at 432 a break here would take us thru the old high if support is taken out we will again see that RUT will go back and test 402, on OSx it is at my resistance point of 78, I have taken out ESV and GLBL positions, Ihad these 121/2 puts and 121/2 calls on ESV and 71/2 puts and 10 calls on GLBL, I woul think that somehere I will see some sharp selling in oil, may another few cents but I feel it has come up to fast and will retrace before making any new attempt, this whole idea of low inventory is meaningless, lot of Oil from non-opec will become profitalbe now and it will find its way to markets, cartelisation has not worked and it will not this itme either. I will like to short oil below 17.40$, and try to play this 78 resitance expecting it to hold on OSX..