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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Yogizuna who wrote (66704)	10/13/2003 6:36:38 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

We are a little overbought , but may still get more overbought , Max pain says we drop before weeks end, but Max pain has been wrong before.. The thing is we have a momentum market taht feeds on the trend, up or down ( Market cap weighted ETFs and Index Funds set this up ) .. these are blind to value, they buy/sell on market cap weight and that's it, and they are making up more and more of the total shares traded. Right now we just don't have a lot of selling pressure. Jim