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

To: Dan Duchardt who wrote (16735)	3/31/2003 10:14:04 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

Looking back now, this accumulation would seem to be a logical explanation for the massive rally that began late that week and continued through the following week. The closest massive accumulation we got in 1 week period of similar consequence was into the July 2002 low. That was THE REAL LOW as far as I am concerned. The lows in October 2002 did not exude the depth or intensity of selling as July. Now that we have the triple bottom in after March 2003, you are going to recognize that this massive NYSE Member build-up over the past few years is going manifest itself in significantly higher prices. No shares of any consequence has been sold and the smart money just keeps sucking up supply of stock like an aardvark sucks up ants for lunch. The boyz aren't fishing for minnows; they want the ultimate big fish kahuna before the public gets a handle for what is really about to unfold. And the boyz will sell right into the johnny come lately's just as they always have.