MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (17571)	7/23/2003 8:28:33 AM
From: dvdw©	Read Replies (1) of 19219

Shorts at $1.06 short for every dollar left in Money market, which is the highest single reading I've seen since looking. This is a Bubble in itself, last July 24th 2002 when there was a huge short position ( or so we thought this ratio was nearing .90 for every dollar in Money Market.) Short funds versus long funds 1.15 short to .85 cents long. As a proxy this demonstrates the Bears vs bulls more accuratly than II, IMO, because this is real money, not opinion. More Particular; Value is being attacked, I'll report some specifics later, a few of the most valuable Young guns have had Huge new Short positions opened on them in the last 10 sessions, simply amazing. Perhaps this marks the begining of the Mergers and Acquisitions stage of the new bull market where the whole trade does its part as masquerade party goers, they show up at strength and administer weakness. Allowing Arbs and perpatrators to steal a few growth companies cheap.Count on it; the markdowns are precursors pointing to a busy M&A season.

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