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To: Nutty Buddy who wrote (3011)6/9/2002 10:57:16 PM
From: robert b furman  Read Replies (3) | Respond to of 7827
 
Hi Buddy,

Wondering how far back your data goes?

Is the "all negative flame" low or high during the following time periods?

1) 3/24/99
2) 4/04/97

These were the lows of the two dip theria periods.

I would've thought they would be correlated with VIX spikes - but as G has pointed out - there were'nt any serious spikes then - oh sure VIX went up but not like marking a bottom.

J.T. has a great thread and on it he notes NYSE members as accumulating for 15 of the last 16 weeks - this has also been correlated with an unseen before (historically)market that features retail shorting exceeding that of the MM for all of the 22 weeks of this YEAR.

Looks like a classic set up for a historical shortage of stock in the making.

Accordingly I'm wondering if the all negative may not be peaking out - but rather an anemic showing(as it now) and maybe similar to periods back then?

If so - it may be a product of stealth buying and accumulation of stock - which sounds like a wonderful way to impact supply vs demand.

After all if smart (big) money is accumulating while the cocky bears are shorting (as they all project E-waves down to new lows) then the holders of stock will have the priviledge of feeding the bears some high priced stock.gg

If we can muster a reversal with a follower thru day - STRONG enough to create short covering (Wave A) well then Wave 3 of an impulse wave should do at least 1.618 of A -and that can be quite a rally to have going into this recovering economy.


Just wondering.

As always thanks for your great data.

Bob