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

To: J.T. who wrote (12219)	5/11/2002 9:29:30 PM
From: yard_man	Read Replies (1) \| Respond to of 19219

I read one fellows book that said buying was a good indicator, but that selling or short positions wasn't really indicative of anything. Trying to remember his name -- he also said don't fight the Fed -- 3 rate easings and the market would be higher -- that hasn't worked so hot. His book looked at a lot of the sentiment indicators used to trade and told why they didn't work very well -- in trying to sell his own propietary indicator.

To: J.T. who wrote (12219)	5/11/2002 10:57:06 PM
From: nsumir81	Read Replies (2) \| Respond to of 19219

Market Lab nos are nos. They can not be created unless fabricated. The bearish bent comes from articles. Why in late September/early October there was even a major cover story on how the "Fed Model" said that stocks were undervalued and that it was time to buy. i.e Bullish. If reality is bearish, then so be it. Why try to paint it otherwise. I bought the bullish argument in the late '90s. I bought the bearish argument since July 2000. Preconceived conclusions exist at BOTH ends. Always. Both turn out right albeit at different points in time.