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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?


To: RockyBalboa who wrote (2775)7/29/1999 6:52:00 PM
From: Sir Auric Goldfinger  Read Replies (1) | Respond to of 19428
 
Here's the contrary contrary indicator: Trimtabs said money flows into mutual funds was $4.2 Billion (10 day average is $666 Million and 5 day average was $835 Million) on Wednesday.

So that would normally be a bullish indicator (dipster mutual fund buyers moving in for the month end pop) However, the headline of the report said: "US Equity inflows spike. Our guess: Contrary indicator"

Since that firm does good numerical work but has a poor record of calling market directions, I then say that the market goes up. Weird logic, but we shall see.