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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: Walt Deemer who wrote (12403)5/27/2002 11:38:10 PM
From: J.T.  Read Replies (2) of 19219
 
Walt, (Edited to correct total shares)

Thanks for your help on short notice as I wind down my project. Should finish up sometime by the end of this week.

Did ya notice the boyz via the NYSE Members Report Net Balance Index just keeps sucking up supply of stock on record pace?

We are now 13/14 weeks in a row (2 week delayed basis so we could already be 15/16)on a massive accumulation binge by the nyse boyz. A major brinks job heist of epic proportions. One more week will match the all time high set back in the the second half of 1994 into December right before the market took off and doubled in less than 3 years.

The boyz have now bought and buried 735.5 million shares of stock since mid February thru this chop and slop market which I am most certain they will cash in at much higher prices within 18 months. They can only keep a lid on this so long before the cat gets let out of the bag.

The public continues to do the work of the specialists shorting stock week after week non-stop since the first week in January.

A massive short squeeze - the greatest of all time is in the brewing.

I wonder if it is the capture or death of bin laden that will unleash the mother lode buying and short covering that will never again be seen in our lifetime once it unwinds its fury. Don't know what the spark that lights the short covering fire will be, but it will be a sight to behold if you are long.

I should be done sometime by the end of this week so I appreciate you continue filling in for me in my absence.

Back later this week.

Best Regards, J.T.
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