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

To: dvdw© who wrote (17304)	6/11/2003 1:15:33 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

Excellent post. No question the supply demand relationship of the market the last 3 months has favored the Bulls. And liquidity is one element in the equation. However, in order for the boyz to distribute shares over the last 3 weeks from today's close and get back in at lower prices implies a 10% + pullback as measured by the NYA from todays closing prices. Quite possible, but from judging market internals as of todays close this seems improbable.... unless... all the more reason why this weekends member net balance index will bear close watching for any potential additional net selling, which would be the 4th week in a row, and would put me on high alert...