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Strategies & Market Trends : Classic TA Workplace

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To: skinowski who wrote (73195)5/8/2003 1:17:02 AM
From: mishedlo  Read Replies (1) of 209892
 
There is no question in my mind that hedge funds are in control. That and the PPT (to piss off Aj and Shack)

Seriously, bad news after bad news being bought like no tomorrow I say something is more that a bit fishy.

At any rate MUFU have had net outflows most of the year (there are small inflows recently but who knows how long it will keep up), and MUFU cash levels are at or near all time lows.

The average Joe is fed up with this stuff, (he may not be selling but he isn't buying much either), which leaves us with three possibilities

1) hedge funds are in control
2) the PPT is in control
3) some combination of the above

I vote for #1 primarily but am sure that the PPT steps in at times as well.

With MUFUs out of the picture more or less, the hedge funds can buy options and force stuff in that direction easily. The lighter the volume the easier it is.

Yes, the market is not going to be easy to trade IMO, possibly for quite some time.

M
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