MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: dvdw© who wrote (17218)	6/3/2003 11:23:50 PM
From: t2	Read Replies (2) of 19219

The real large imbalances are getting worse not better, it seems that the game that is being played is to talk the market lower in the face of supply imbalances everywhere. So true. That has to be the key; hardly any IPOs and money markets probably on the verge of yielding negative returns. Today's action must have caught so many traders by total surprise. With little supply, imbalances could really launch this thing. In addition, dollar weakness means stocks could be considered a safer bet than cash/bonds. I had never thought a weak dollar was bad for the stock market ...used to post that idea and was thought to be nuts for thinking that way. An overwhelming number of the experts equated weak dollar to weak stocks...and only recently have I noticed that some are now opening up to the bullish possibility.

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