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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.21+0.2%Jan 2 4:00 PM EST

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To: Les H who wrote (42840)3/13/2000 12:41:00 PM
From: Les H  Read Replies (1) of 99985
 
Liquidity Trim Tabs Summary
March 13, 2000

Bottom Line: We Stay Bearish the Dow & S&P, But Go Long The NASDAQ & Russell

Headline: Liquidity Stays Bullish. But Will It Last? New Offerings Could Hit $10 Bill. This Week.
Resumption Of New Cash Takeovers & Healthy Pace Of BuyBacks Helping Bulls.

Subheads:
Liquidity Primer: Don't Confuse Float Change With Flows.
New Offerings $27 Billion Monthly
Insider's Selling $45 Billion Monthly
New Cash Takeovers Averaging $10 Billion
Float Growing $40 Billion Monthly
Margin Debt Buying NASDAQ Stocks
Only Aggressive Growth Getting New $. Everything Else Having Outflows
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