MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: High Country Trader who wrote (12532)	7/27/2002 11:24:09 AM
From: J.T.	Read Replies (3) of 19219

NYSE short sales as a percentage of total weekly volume in the last reporting period was over 12%. Very high short number by historical measures, but certainly not at that record 15% number in March?? this year... Another + 71,637 Million Shares bought and buried for July 12th week. The NYSE members have now snatched up just under 1.4 BILLION SHARES since Feb 15 reporting week.. NYSE Average weekly net accumulation now at 62 million shares per week since February 15 reporting week. Net positive accumulation in 20 of the last 22 reporting weeks in the face of a relentless down market since March. 29 straight weeks public shorting exceeds the specialists..<g> Market Vane down to 17% Bulls Consensus at 22% Bulls. **Investors Intelligence 37% Bulls. Last Wednesday was only the tremor... The volcano is ready to erupt any time now... just need nasdaq confirmation of the melt-up... I expect Naz to melt-up possibly one day this week.. Last Wednesday did not have the rocket fuel in COMP/NDX like DOW and SPX... But then again... I have been wrong much more often than right all year. Best Regards, J.T.

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