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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (12642)	9/9/2001 8:03:41 PM
From: Shack	Read Replies (3) of 209892

There was a $27 billion move up in M3 money supply this week, not that it did the market any good though. Nevertheless, it puts an end to 5 straight weeks of declines. How the hell did we have a 230 point drop in the DOW with a closing TRIN of 0.98? Has the public even began to sell yet? Even that pissy early July low gave us a reading over 3. Rydex showing inversions in both SPX fund families now, that is market bullish but the MM assets remain lower than we have seen for major bottoms at $1.498 billion. Where are those $1.6 to $1.7 billion readings we saw in March? Staying very sold in all time frames.

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