MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Killswitch who wrote (14937)	11/1/2002 11:05:12 AM
From: dvdw©	Read Replies (1) of 19219

Actually Brian; my least favorite agency of spin TRIM TABS released information this morning that contradicts your surmise. Again, Maria Bartiromo on CNBC this morning spun it this way; " Mutual Funds have not been selling stock, they (MF) had accumulated large amounts of cash and used that cash to pay for redemtions" "If" this is correct, than they would not have the cash to be buying stock now to the same extent that you suggest. It cant be both ways. Which leads to what could happen in December.......? That did not happen in OCT. Just like RYDEX Short capital sitting at approx 65% of Rydex money market assets, that capital has a finite effect. Mr market has done his part in positing alternatives to owning single stocks, this trend will be further expanded with the new single stock index futures. JT has done a good job of painting a scenario of cause and effect into the future, in that investors are being trained to look at indexes and deduce that everything is bad or good without really checking, meanwhile the exchange members are locking up all available supply in anticipation of a future only they can see. These are indeed interesting times.

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