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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: carepedeum2000 who wrote (56608)	1/21/2004 3:40:54 PM
From: Rande Is	Read Replies (3) \| Respond to of 57584

. . . Diehard Longs . . . The individual investor is holding on to this market with both hands, all ten fingernails, toes, teeth. . . you name it. Dow has been dragging the Naz around by the nose in past few weeks . . .mostly unable to hold the indices back. The small investors and mutual fund managers are just not playing ball. They refuse to leave the markets alone. . . . or as one talking head said, "they don't know any better". So the outstanding question is which group is stronger? The Individual Investor. . . throwing money at the markets like there is no tomorrow? Or the Fat Cat bankers . . . who are having a difficult time shorting the froth? How long can this tug of war continue? I get the feeling that the Fat Cats are going to have a tough time getting away for the summer. . . as they know they will be leaving the markets in the hands of the individuals. They have been frustrated by the small investors grip. There is an "order" to things. . .and the small investors simply don't respond like they used to. . . that must really make the Fat Cats mad. The typical scenario for Fat Cats is to not go long without first going short. So they short the markets down until the small investors run to the exits . . . where they cover their shorts and place their long positions. However, this market has resisted this typical scenario. you can imagine their frustration. Carpe, yes RIMM does have that QCOM look of deja vu. Perhaps it is being propped up by the small investors. . . or more likely, there are too many "small investors" turning short (as measured by the number of odd lots). So by driving it up, it shakes out the small investors with weak hands just prior to hammering it. . . a short shake, if you will. January effect continues with the beaten downs. . . I have seen some real trash popping up of late. I really don't know what the catalyst for the next move down might be. . . perhaps Microsoft tomorrow. A negative spin on whatever earnings they publish "should" certainly move the whole market lower. The difficulty in taking the markets lower is proportionate to the froth or confidence the small investor has in these markets. According to earnings I have seen, the small investor is RIGHT. There is plenty of cause to celebrate. I am still staying with predictions that we move lower in January. . . . Rande Is