Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Vitas who wrote (40543)	10/20/2002 12:26:18 AM
From: James F. Hopkins	Read Replies (2) of 52237

Vitas; I think there is a good chance the 10/09/02 bottom just may hold but I won't trust it until we fill the gap up made on the 11th, and then turn back up, the gap on the 15th has to fill too. If we go on up very far with filling those gaps all hell could break lose on the next down turn. ---------- I just did a fast look at the HEAVY mutual funds..by that I mean the ones with the most Billions in assets , it don't look all that good. They use the S&P as a bench mark, SHORT TERM out of 13.. 2 were flat with the S&P , 3 beat it, but 8 were not keeping up.. Some other funds showed signs of outflows on the 15th.. ( The market was up but the funds down ) ---------- Plans for $15 Billion new stuff being brought to the market this week by underwriters. They just can't wait to sell more crap. Makes me wonder if some of this wasn't rigged in thin after hr moves. In other words the volume just wasn't there when the market gaped up. Sure scared hell out of some shorts, but they are coming back. Jim Jim

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