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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (8116)7/13/2001 4:12:57 PM
From: Bull RidaH  Read Replies (2) of 19219
 
JT,

I think this update proves that Wednesday was not THE bottom, as dynamic long total assets jumped 45% in just 2 days. If it was really THE bottom, they would be selling into it. This sentiment reminds me of that in the gold miners about a month ago where much of S.I. got crazy on gold & gold stocks after a modest rally off the lows, and the rally imploded.

This sentiment reeks of "afraid to miss the rally", so more downside action is necessary to eliminate it. What u say?
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