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

To: Terry Whitman who wrote (16244)	2/10/2003 11:18:33 AM
From: macavity	Read Replies (1) \| Respond to of 19219

Equity longs. The individual investor may have gone to sleep but there are a lot of parties that are long equity that may be forced to sell in the coming months. Basically groups that have pension obligations are getting hosed in Europe and I presume in US. Look at the pension shortfall in the US. They have to sell stocks to rebalance present assets and future liabilities, and/or add cash from operations. These parties WILL sell, unless the rules get changed. Even this will just delay the final day. In the UK they are bodging the rules as we speak. These are the groups that have been hoping that the equity markets would bounce. Another down year and a lot of them are finished. Simple. P.S. The $SPX broke its 2002 lows in Euro's last week. Foreigners are getting out of US stocks (and their own). And keep your eye on the long bond here, it looks set to challenge its 2002 highs. There is a massive pension crisis in UK and Europe at the moment. Wake up and smell the coffee, these guys cannot hope it just goes away, The Market will force them to puke their positions. The next mini-capitulation, I believe, is pencilled in for The Pension Funds. The Trend is your Friend! - You can speculate as much as you like as to what is happening, or what may be happening, if it makes you feel better as The Market moves against you. Personally, I would rather shoot first and ask the questions later. We had a bear cross in WEEKLY PPO/MACD last week for Naz & Spoo's. Things may actually now be picking up , after the last 3 weeks. -macavity