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


To: Killswitch who wrote (12469)5/31/2002 1:18:33 PM
From: Killswitch  Read Replies (2) | Respond to of 19219
 
"Bears Inside
05/31/02 12:59 PM EDT

Argus Vickers reports that the latest weekly insider figures showed a ratio of 4.18. That's corporate insiders selling 4.18 shares for every one bought.

This is the most bearish reading since August 1986 and is also the 20th straight week of heavy selling. Most noteworthy here is the persistence of selling by insiders for this entire year. This alone argues strongly against any resumption of a sustainable bull market -- quite the opposite. From Chartcraft."