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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 665.67-0.9%Nov 17 4:00 PM EST

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To: HairBall who wrote (1115)12/9/1998 11:15:00 PM
From: Monty Lenard  Read Replies (5) of 99985
 
LG, I have been seeing some really strange happenings in my scans for the last week or so and have been unable to figure out what it was.

Money just moving around from day to day from one index to another. S&P 100 to Russell 2000 to Naz 100 to S&P 100 to S&P 600 and on and on but no particular one really showing strong change one way or another. Except the internuts and a few tech stocks.

What I am wondering is this. What if there is no NEW money coming in and what I am seeing is OLD money just moving around supporting one spot one day and another spot the next day and so on?? There just may not be enough money to hold or move them all at the same time...just enough to support one one day and a different one the next. Definitely a lot if divergences going on.

Does this make any sense?? Something really smells but I just can't find it. If what I proposed above is true this thing may be in serious trouble.

Monty
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