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

To: eddieww who wrote (15504)	12/11/2002 2:32:29 PM
From: t2	Read Replies (2) \| Respond to of 19219

There is no way to call the total effect of market action the past couple years "zero-sum". The only way you could claim that would be if short interest oscillated around 50% of total market float, so that every time a stock's price declined there would be someone gaining wealth for each one losing wealth. I was thinking the exact same thing! What could make it zero sum? There is just no way it can happen. Even approaching 50% short interest against all outstanding shares is so far fetched. It would have a hard time even getting to 50% of float. Which basically means that there is really no way to avoid the negative wealth effect that arise from stock market losses.