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

To: dvdw© who wrote (15459)	12/9/2002 9:34:20 PM
From: James F. Hopkins	Respond to of 19219

Try to understand, when the deck is being suffered the game is played by losers, "rotation" has a high cost, it's only after the shuffling stops that the overhead don't eat up most of the money coming in. The market is not like one buyer for every seller, that's the old wallstreet sales pitch tons of stock NEVER gets bought; but just goes to money heaven. The market MUST take in more than it pays out, in order to go up, in fact almost 12% more; if money flow goes flat, the market sinks and keeps sinking of it's own weight. So the fundamental question is, where from ; and how much NEW money is going to be forth coming.. --------------- When a bull market starts it's broad in nature. Some go up faster than others, BUT not at the expense of others. The selling of one stock to buy another "rotation" is the sign of a bear market. For all of Oct and very early in NOV all signs were GO .but those signs are now getting weak.. So far my saying things have starting to add up to a failure is not a market call The Jury is still out on IF this is a bear market rally and at this time we are close to a swing point, Now I know some people will call it right, BUT I also know that if they do it will be by luck..no one yet knows where this market is going longer term and them that think they do, if they get it right will just give it back latter. Of that I'm positive. There is an old market saying Bulls can make money, and so can Bears But PIGS get cooked. and I Believe it. ------------------------- Beyond all that IF we trash all the bell weathers, it takes years for a market to rebuild. The bell weathers that fail cause more failure..the huge amount of money' is all interconnected to pension funds, ( even state run ones) investment banks, and insurance Cos.. drop the bell weathers far enough and the total system breaks down. So far the market has only eat up $7,000,000,000 if it eats another 7 trillion a depression worse than any in history can set in. -------------- I've seen a lot of people talk about the 29 crash and even warn of a similar one.. But so far they have not had the imagination to consider that it could be worse. ------------ I don't believe it will happen, in fact I'm more long than short..( but I do not rule it out ) Jim