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

To: Zeev Hed who wrote (14457)	8/24/2002 1:54:45 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

Not at all. Look at history as your guide... Most recently, this same specialist phenomenon occurred as heavy accumulation by specialists transpired in most of 94 during the grinding mini-Bear. The public is right early, but wrong during and after the counter-impending Melt-Up as they hold fast to short positions. Specialists continued accumulation in 95 96 and 97 as the public stayed short. The public fought the rally every step of the way in '95 '96 and '97 after being conditioned by the mini-Bear in 94 the public stayed short.. Happened in 73 74 and the public missed the monster rally in December 74 and into the first half of 75 as specialists loaded up on discount prices over time. Now the public is fighting this latest rally move and looking at evidence clearly shows over the past few weeks. The specialists can't build accumulative positions overnight just as the aggregate public will not stop shorting on a dime. Again, publice shorting VOLUME SWELLED into and after the three weeks into and after the July 23/24 bottom. Now they are fighting this pup in its early rally infancy. Public are accumulative bagholders at the Top and distributive bagholders at the Bottom. Best Regards, J.T.