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Technology Stocks : INTEL TRADER

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To: Berney who wrote (4286)10/9/1998 11:31:00 PM
From: Berney   of 11051
 
Okay, why cash now.

First, I made this decision to go to cash long ago! I'm just not willing to take the Big Time downdraft. I watched some changes in market value that I really did not think I would witness. More and more stocks are moving to their monthly trend lines, yet we still have some that I classify as parabolic.

Next, I don't understand many E-Wave concepts. Yet, I can understand that 1) we are not in a bull market, and 2) this market is liquidity driven. August was the first month that we had a negative outflow from mutual funds since 1990. This is nothing to sneeze at. The liquidity issue is not getting any better. Check this site out:

amgdata.com

This number still seems to have a lot of zeroes. Until this number gets positive, neither am I!

I wasn't here before, but this seems different.

Berney
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