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

To: KM who wrote (13625)	7/19/2002 11:06:41 PM
From: bobby beara	Read Replies (2) \| Respond to of 19219

While some observers are clearly concerned about the potential for fund redemptions escalating into some sort of manic equity liquidation, we maintain that outflows from mutual funds are a classic contrarian signal. <<< KM, there are some of those contrary indicators coming in place, but there is no sane way to call the bottom of this parabolic downtrend. I'm 400% long at the close.>>> I sure looks from a lot of stuff that we should be positive Monday, but a lot of these contrary indicators have yielded only one-two day rally's. the only safe signal to be long will be when we get some huge volume reversal where a/d and volume is huge upside. we still haven't had near a 90% downside day since the beginning of july.