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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: LaVerne E. Olney who wrote (3518)	6/14/2000 2:52:00 PM
From: J.T.	Respond to of 19219

Leo, I am seeing this as a contrary indicator. That is why I mention 3 to 1 ratio long/short spx. It is also the reason why I comment the ferocity in money being switched in fear missing out this next "phantom" rally . By that I mean, the market can go up swiftly for a very short duration even at these very extreme 3 and 4 to one ratios. It needs to suck em in like a venus fly trap. It is also the very reason why I have called for this short late may/ june rally way back in late april early may. Until these ratios stabilize, there is more risk on the down side after this last gasp up. Best Regards, J.T.