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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (16726)3/29/2003 6:12:26 PM
From: Dan Duchardt  Read Replies (1) of 19219
 
My recollection of all your past comments about this metric is that it is always published two weeks after the fact. Looking back now, this accumulation would seem to be a logical explanation for the massive rally that began late that week and continued through the following week. My question is what happened to this number during that runup? Did the members unload the majority of those accumulated shares on the public and funds at a healthy profit? Are they ready to take it down and reload? Next weekend will we look back and see that as of the end of last week (3/21) they had lightened up considerably, and see that as an explanation for why the market retreated in the past week and the week to come?

I just can't see this lagging data as a useful indicator of what is to come. By the time we see it, the effect may well be over.
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