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

To: J.T. who wrote (17364)	6/16/2003 4:36:48 PM
From: doniam	Respond to of 19219

Sorry for you, but good to know that I am not the only one that makes bad trades. -Don

To: J.T. who wrote (17364)	6/16/2003 4:51:27 PM
From: dvdw©	Read Replies (2) \| Respond to of 19219

JT what were fridays numbers? I would really like to see them and can make a valid observation back if it shows what I think. Last time I looked 88% of Money fund assets were short, that was dow from 112% of money fund assts. At those numbers the shorts are over exposed realtive to cash and cover in a rising market. This ratio needs to be around 50% for any short to look like it has a chance.Otherwise the shorts are the herd and the herd is being directed towards a cliff. Remember that a short has distinct issues relative to price. While the entry cost is low, the purchase price is not guaranteed ( Stock Outs= no sellers) and the capital needed to cover is not predictable in a rising market. Buying power measured in minutes can work in reverse of the shorts available capital to cover a position in total or part.