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To: IQBAL LATIF who wrote (26714)	6/1/1999 1:40:00 PM
From: J.T.	Read Replies (1) \| Respond to of 50167

Ike, for me, I am keeping RUT 432 real tight like SOX 383. PSE has wiggle room down to 515 and this will be last to fall if market continues break. BKX holds 820 smartly as any banging through 819 last support will lead to 800 test. Utilities now taking a hit. Bond interday yields 5.948%. Must close below 5.92% yield. Who would have thought possible only two weeks ago back down to 5.72% area from 5.92%. Today's closing prices will tell it all. Bonds are becoming much more attractive here and will be scrreaming buy at 6.05% yield, imho. Granted we have this "two day close rule" with indices support/resistance. For trader like you this is good, but for average investor not so nimble, ... baaa baaa. J,T.

To: IQBAL LATIF who wrote (26714)	6/1/1999 11:46:00 PM
From: nicewatch	Respond to of 50167

Ike and ALL, updated SPX, TYX, etc. charts updated at geocities.com as always, feel free to comment or throw stones. FWIW, talk to you later Regards, Frank

To: IQBAL LATIF who wrote (26714)	6/2/1999 4:36:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

When iworte this message market was down 120 points, I asked for some levels to be watched, we did break 382 on SOX and 560 on SDOT but Banking closed up at 831, the support highlighted at 2120 is where NDX stopped rather at 2125, and market after its inability to break 1282 -83 area rebounded and closed above 1292, I see this 1282 developing as a major support and looking 130 as a ressitance if we break any of htese the movr will be steep 20 points..... either 1250 or 1330... I still tend to think that no big sell is in offing and only below 2108 we can see a silde to 1980... or 2360 area on comp... 1282 remains on my radar.. from IQBAL LATIF on Jun 1 1999 1:12PM EST SOX is holding 382 and internets 560 the support of last few days quote.yahoo.com^DOT&d=t, we need some solid breaks here to get the downward momentum otherwise we may see that we retest this 1292 on SPM.. Read BKX 820 and don't over look PSE at 518-20 with 511 support, these indexes should give you a shade early warning if pressures are building. With RUT still at 435 I need these indexes to give me advance warning of a break.