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

To: bruceleroy1_- who wrote (12533)	6/3/2002 5:35:58 PM
From: High Country Trader	Read Replies (1) \| Respond to of 19219

bruceleroy1 >>>>>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.<<<<< I'm not sure I understand your question. Actually, there was massive unloading in the month before 9/11. One problem I see here is you can't look at sentiment indicators in a vacumn. You have to look at them collectively - and collectively during the past few months decline they have shown a complete lack of fear and panic - complacency reigns supreme now just as it did last summer as the market was declining. The Rydex indicator has never been tested in a bear market. At the ultimate bottom (intervening huge rallies notwithstanding)it should get to levels few here can imagine.