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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Mike M who wrote (43891)	3/25/2002 8:18:42 PM
From: t2	Respond to of 99280

Complacent shorts??? Does that equate to a market ready to rock and roll? Don't know. I would have thought that the NYSE short interest increase last would have sparked a rally in the SnP500 and DOW. Maybe there is a bit of a delay before it happens..or maybe it does not happen. A lot of the value names also had a decent run up already so the funds were probably a little reluctant to pump more money into these types of investments. We know money has been flowing into this market (but out of tech funds). That meant the Nasdaq down and value stocks up. I think one has to look at this as contrarian. Just don't know when the selling runs out of steam. Seems like the opposite of what happened back in the late 1990s when everyone pumped money into tech and dumped value stocks. I realize the valuations of Nasdaq stocks is high and that is one thing that makes me less sure of a rally...still think the odds are still for a good move higher by early April. jmho