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Strategies & Market Trends : Ask DrBob

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To: Chilidawgz who wrote (85156)4/20/2004 12:54:44 PM
From: shoreco  Read Replies (1) of 100058
 
>> Anyone think the IRA moneyflows are finished off and we are making a top since January <<

The problem with a calling a top is you'll never know it until after the fact...

But we have lower Index highs on neutral to bearish internals and even the indices that made new highs (the small caps) did so with lower highs on their respected indicators...

We have a trend of less and less money entering this market through equity funds...

January = $40.8 bil in inflows

February = $26.5 bil in inflows

March = $21.4 bil in inflows

April = $6.4 bil in inflows over a 2 week period, that equals a $12.8 bil run rate...

The rallies will be sold into, it doesn't mean we crash, it just means the tops are probably capped and even with the new highs across the board I doubt they could hold'em there for that long...

EOM
Shoreco
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