Haim,
>>>> The bad news are that it was achived mostly with IP, AA, XON and CHV all indicators of an end of a bull move. <<<<<
Yep, I agree.
Just for information, yesterdays gain of 118 points was on the back of 11 stocks, which accounted for 116 points(AXP,C,GE,DD,IP,MRK,JPM,MO,PG,UTX,WMT).
Money is still flowing in but is slowing down slightly. What is interesting to note is inflow into INTERNATIONAL FUNDs is increasing significantly, implying that money could be moving out of the U.S.markets.
"Equity flows total $2.5 Billion for the week ended 3/17/99, with most going to Large Cap Growth Funds; Large Cap Equity Index flows increased to $333 Million; International Funds report their largest inflow in 8 weeks; Taxable Bond inflows total $1.3 Billion, with 83% ($1.1 Billion) going to High Yield corporate bond Funds."
amgdata.com
Im still sticking to my mid-term top to arrive near the end of MAR/early April. Hey that top could be lower than or only near 10,000, implying that we my ZIG-ZAG till then. Thats all we did so far this week in light of hitting 10,000 on WED. Maybe something like 100-200 points above and below 10,000.
seeya
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