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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Killswitch who wrote (14827)10/17/2002 11:26:19 PM
From: Dan Duchardt  Read Replies (1) of 19219
 
Anyone have a clarification of what the bolded comment means?

despite a $100 Billion + increase in assets due to market action


This must be referring to the increased Net Asset Values of the fund units that are still owned by investors. The roughly 15% increase in the major indexes in a 4-day period increased the value of funds that remain invested rather substantially, and probably encouraged many who are fed up with the market to sell into the rally.
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