Hi Bill; It's more like a feel than a figure, I don't know how
to explain it. Like putting a boat and barge to the dock, you
look at the wind, the current, and you have to get a sort of feel,
for each boat ( they all respond a little dif. ).
This market thing responds like a single screw boat for awhile ,
then a twin screw , then one with flanking rudders it's
always changing. Right now I see it's got flanking rudders.
-----------------
Fast program trading, shorting, covering , then buying.It seems
to be the way the bigger firms are getting in.
I'm sort of feeling the program trading, and the motive behind
it, they got cash they want invested but they want to buy on dips,
and it's kinda taken on a style in the last two weeks. For how
much longer I don't know.
-------------------------
She sure is climbing a wall of worry,
but them big guys are not so worried, they know they can catch
her ( check the slide ) if she gets going down. The funds are
in good shape like they got reserves right now. If she falls
they can open up some and pop her head up, then lock in
their profits shorting the box and let her drop with out getting
hurt, belive me the bulls are in charge at this time.
-----------------------
How did it happen..well they had inflows..In Dec. & JAN , and while
the inflows were not heavy they didn't put them in the market,
like they saved up some dry powder. Just how much more dry powder
they got I'm not sure; but they are not spending it real fast,
They short and make the dips, ( the regular bears short too but
just a tad later ) then the program covers and buys and a mini
squeez happens.
-----------------
In times like this it's like the bears are the ones who wind up sticking more more money in the market than the bulls.
So while it goes up into over bought , the bears OVERBOUGHT it
when they run out of money to short with she will level off,
and then pullback.
Jim
|
