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

To: Killswitch who wrote (14936)	11/1/2002 9:21:15 AM
From: Killswitch	Read Replies (3) \| Respond to of 19219

Let's bring up mutual funds again. Last night's data shows still no inflows to funds in October. I think funds had built up some cash before Oct, probably starting back in July, in case of further major outflows and when the outflows turned out not to be as bad as they were in July they had some spare cash that they have just now finished plowing back into the market. So now they may be back to a low cash level again, which puts them (and the market as a whole) in a potentially weaker position.