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

To: bobby beara who wrote (15402)	12/8/2002 12:14:58 AM
From: Lizzie Tudor	Read Replies (3) \| Respond to of 19219

and still expects lower prices at some time in the future (after the seasonal upswing into march/may) Thats CW at this point, I haven't heard too many say the bottom is in

To: bobby beara who wrote (15402)	12/8/2002 2:23:05 PM
From: t2	Respond to of 19219

Investors Intelligence and AAII seem to be painting a dangerous picture for December. Looks like everyone seemed to have bought the idea of a December rally. Too many bullish bets are placed on December. Even this week's drop did not change sentiment. Not much money is flowing into the markets; I guess that means, it is simply individuals/institutions reallocating funds out of cash/bonds and into stocks in October/November. Sometimes outflows are contrarian but I am starting to believe that there just is not going to be much inflows as people just don't have it. That seems to be extremely bearish; we can't have a market go up for long, just on asset allocation changes. Is there much new money out there? I have my doubts. I am now more open to the idea of a sharp down market into December on the Nasdaq. If the big index changes are made (QQQ), it will add to the problems, imho. Many small capitalized stocks come out and larger ones to go in. That means weighting of the large cap Naz stocks will go down. This may be a minor issue but something to keep in mind.