MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: bruceleroy1_- who wrote (15306)	12/4/2002 2:56:14 PM
From: Lizzie Tudor	Read Replies (3) of 19219

OT OT OT watching them try to spin the black friday retail numbers as negative was amusing. Also the telecom junk bonds situation. Everybody knows that da chiefs predictions have been wrong this year... the difference between his thread and the death blow thread is that the bears keep congratulating themselves on being right when they have been wrong, very wrong for 2 mos now. Then they come here... to the one remaining non-permabear thread with a "you'll get yours..." retort... is this objective thinking, I don't think so. I have to say that most of the traders on those threads are not "perma-bears" and will just as easily go long if they see "the bottom" or even "a bottom". What happened to them in Oct then? We had a successful retest did we not? Let me point out a few things that the bears on those threads spin as negative falsely imo. First the p/c ratio or general sentiment. By definition, these things have a bullish bias, therefore it is not bearish if bulls outnumber bears. The only issue is "how much". And where is that AAII survey coming from that says that bears are at a 4-year low? Does that sound even close to being realistic to anyone? Another issue often bantered about is insider selling. It is not bearish to see insider selling... however it is bullish to see agressive insider buying, as we have seen this year in tech. The reasons for this are obvious. Posting that some company has more insider selling than buying in a particular month is meaningless. Thats the kind of "objective analysis" you get reading the trading threads, fwiw. If the people on da chiefs thread posted this kind of stuff to validate their positions, I'd also call it baloney fwiw. Lizzie

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