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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Killswitch who wrote (14937)11/1/2002 11:59:19 AM
From: High Country Trader  Read Replies (1) of 19219
 
No fund inflows in October? And that was the best month in some 15 years? Sounds like not many believed the rally. Fund flows are a lagging indicator as they plow in at and right after the tops and stay away at and right after the bottoms. There have been several sentiment indicators that has been trashed over the past 5 years and none more so than cash levels at mutual funds. This indicator was missing in action at the top of the mania and it will be (if not already has been) missing in action at the bottom. Beware of indicatoritis. If trading was about indicators, we would all be rich. As an aside, where are the bulls? Yes, I have seen the AAII and Investors Intelligence numbers, but after the best month in eons, the trading forums seem to be infested like never before with bears.
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