MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (391)	8/5/1999 1:28:00 PM
From: J.T.	Read Replies (1) of 19219

WHAT A RALLY: 874 ADVANCES, 1935 DECLINES <GGGG> NAZ Advances 1,200, Decliners 2,400 Everyday mom and pop, and most mutual fund holders are getting whacked in this market. It is fallacy to think otherwise. The nimble traders make money to be sure. But this is the equivalent of maybe 1% of the investing public. To be sure, today, in 1999, approximately 55% of the American households are in the stock market. In August of 87' it was roughly 36%. In 1929, the rough estimate was about 20%. My simple question is: If everybody is invested for the long term, and will not sell no matter what, than why is everybody glued into the stock market on CNBC and watching Greenspan's every move? Best, J.T.

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