Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SGJ who wrote (13382)	7/14/2002 12:12:07 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

Yes. When they pull bids, it is a black hole and buyers rule at whatever price they want to pay or however low the bagholders want to sell at any price to get the hell out. And the house always has deeper pockets and larger open lines of credit than the bagholders. The accumulation going on today in 2002 and the level of shorting above the Specialists let alone the total NYSE Members dwarfs the total action in 1974 before the countertrend launch. 1974 is kindergarten school compared to todays accumulation. And the economy is in much better shape the 1974. The service economy is a much greater percentage of the pie today and is better able to weather the storm and cushion the blow of the complete macro- landscape. Best Regards, J.T.