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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: Jack of All Trades who wrote (77730)	6/1/2001 12:12:43 PM
From: t2	Read Replies (1) of 99985

Well they could be using the futures as a device to get traders to sell stocks short, then buy the futures and sell the stock back at higher levels... I agree, more or less. This game is being played with the short sellers. The institutional buying interest is there for technology. It is just a matter of trying to get the traders to short even more so that the MMs and mutual funds can take advantage of bearish bets made by traders. It does not matter what the charts indicate for the market at this time...like I stated earlier. As far as mutual funds are concerned, the bearish the technical indicators, the better it is for them. The game has changed in the last 2 months. Don't know how long it lasts. BTW--short sellers are likely to move out of positions sooner than the long holders normally do. That is also why I am expecting an explosive move in tech stocks. JMHO.

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