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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Daveyk who wrote (24063)8/28/1999 1:13:00 PM
From: Benkea  Respond to of 99985
 
The weekly "CASH TRACK" in BEARon's this weekend is extremely interesting. If anyone gets a chance to preview it, the equity fund outflows vs. money market inflows are quite interesting from the beginning of the chart, to the peak in July, to now.

Some of the things that stand out:

1) This was one VERY WEAK arse rally to new highs since the July highs from a liquidity standpoint (VERY thin). This much we knew as volume has SUCKED!

2) Cash is at levels not seen in quite some time (tons of it sitting around ready to do something).