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

To: Alex MG who wrote (17010)	4/23/2003 4:22:36 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

The supply demand metrics in the market are primed to launch this market significantly higher over the next several years. What? On the supply side: No new issues in the last 2-3 years. Companies have gone belly up. Others have merged. Supply all dried up. On the demand side: Meanwhile, we have 2 trillion more dollars in cash built up over the last 2 years on the sidelines and scared money waiting to go back in. Waiting for what? Like you, looking from the vantage point of no visibility in earnings. Combine this with ballooning hedge funds shorting in full force... stock they must cover. AND BUY BACK. This is combustible shorts that MUST COVER... fueling still higher prices. Earnings now are real... Remember... I have been on record since 1999 and potentially earlier stating there is no "new paradigm" economy. But over the next 3-4 years minimum ... it will be the 'new normal" as McNamee puts it and the market will reflect this in much higher prices ahead. Bears are at the point of recognition something is not right. Best, JT