MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Terry Whitman who wrote (13116)	6/28/2002 1:04:04 PM
From: Steve Lee	Read Replies (1) of 19219

I agree the smart money is at the bottom of the tub, and the emotional domestic investors at the top. But don't you think anyone sophisticated enough to be investing in a country other than their own might be classed as smart money? Of course, me being a foreigner could mean I am biased <vbg> but I have been bearish since 2000 (and still am, bounces excepted). If I am right about this, then the dropping of the dollar signals that there is more bear market to come, for the dollar will rise again in advance of the smart foreign money coming back in (probably about seven years from now).

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