MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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Nov 21 4:00 PM EST

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To: Daflye who wrote (6025)	2/11/1999 12:09:00 AM
From: NickSE	Read Replies (1) of 99985

D, IMO, I think we are seeing some allet allocation away from equities here. We are in the midst of a pullback and the breadth continues to be bad which is telling me people are not willing to reinvest. The four-week moving average for mutual fund inflows is below $2 billion so you can see liquidity is starting to dry up which will continue to weigh on equities. Therefore, I think we will continue to see pressure to the downside until some of the technicals improve. Lots of churn, indecision, and lower volume ta boot????? A pivot point in the market of some sort? Or just more of the same? Hope this helps, Nick

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