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

To: High Country Trader who wrote (12532)	6/3/2002 4:02:55 PM
From: bruceleroy1_-	Read Replies (1) \| Respond to of 19219

But why wouldn't they have unloaded a bunch of those accumulated shares when the market had that big rally off the 9/11 lows.

To: High Country Trader who wrote (12532)	6/3/2002 4:14:44 PM
From: ahhaha	Read Replies (1) \| Respond to of 19219

I can't predict how stupid people can get. No one can. Human emotion controls stock prices, no doubt, but knowing that is absolutely of no value. The only thing one can do is operate in the direction of the money flow. When one does that one finds unexpectedly that one ends up ahead. It is often said that you have to buy when stocks are low. They were low in April 2001 and one should have been buying. If buying was justified after 1997, then selling has been justified since April 2001. You make money both times, maybe, but you do so by luckily guessing how stupid people can get. Indicators never show that. They only show different degrees of stupidity. Stupidity has a way of inducing you to believe and then cleaning you out. Try as you might, you can't figure out how it occurred. That's why you don't get any reports from that side of the result equation.

To: High Country Trader who wrote (12532)	7/27/2002 11:24:09 AM
From: J.T.	Read Replies (3) \| Respond to of 19219

NYSE short sales as a percentage of total weekly volume in the last reporting period was over 12%. Very high short number by historical measures, but certainly not at that record 15% number in March?? this year... Another + 71,637 Million Shares bought and buried for July 12th week. The NYSE members have now snatched up just under 1.4 BILLION SHARES since Feb 15 reporting week.. NYSE Average weekly net accumulation now at 62 million shares per week since February 15 reporting week. Net positive accumulation in 20 of the last 22 reporting weeks in the face of a relentless down market since March. 29 straight weeks public shorting exceeds the specialists..<g> Market Vane down to 17% Bulls Consensus at 22% Bulls. **Investors Intelligence 37% Bulls. Last Wednesday was only the tremor... The volcano is ready to erupt any time now... just need nasdaq confirmation of the melt-up... I expect Naz to melt-up possibly one day this week.. Last Wednesday did not have the rocket fuel in COMP/NDX like DOW and SPX... But then again... I have been wrong much more often than right all year. Best Regards, J.T.