Jim,
I was always under the belief that the majority of the precommitted cash contributions was from the 401-K investments into the the mutual funds, but that does not mean that the mutual funds had to invest it immediately.
I also believe that the majority of the 401-K funds do not go into the most volitile of the funds available to the employees and with less volitile funds feel that there is more allocation/descretionary choice permitted and the requirement to invest in the equities is not that great.
I do believe that the infow of cash into the market in JAN will relatively increase, but maybe not as much as most may believe.
Jim, on a non-technical basis I am preparing to play the PUT side awaiting some dissappointing earnings. Please keep in mind, that as of this time, my technicals are not giving any indication of a strong pullback, other than that we are approaching overbought and will have a normal technical pullback (not a major one). So I am actually going against my technicals somewhat on the assumption that the earnings/forward looking statements may be worse than expected. Watch, the first time I go against my technicals, I mess up <gggg>.
Well, at least the technicals do indicate that it is approaching overbought.
As to what to play PUTS on, I am still leaning towards the Non-HiTech sectors(maybe the banks), since the HiTechs have corrected substantially more.
Seeya
Donald |
