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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (24235)	6/10/2000 8:23:00 AM
From: Gersh Avery	Respond to of 42787

Since trin is inverse to stock movement, is log in nature, and is volume biased, I read this as large block cash leaving the market. Quite a bit of it. I looked at both the trin for the NYA and the NAZ. Both showed the same pattern of increasing flows of cash leaving the market and growing through the entire day. Dollar gained some ground as did the tyx.x. Still odd, to my thinking, as the bond is strongly linked to the dollar. With the dollar having lost a lot of ground and bonds having gains last week, the liquidity picture says that things are streached very thinly. That's for the week. For the day .. yesterday almost fits into the area of "everything sold off." I say almost everything because of the NAZ. I've noted before, that when we have one of those "everything is being sold" days the next day seems to ramp hard. This might be because of cash moving to the sidelines about to be redeployed. Again.. yesterday was an "almost." OJ keeps telling me (and anyone else that will listen<g>) that we are about to have an explosive move up for the next couple of days. He has Tuesday as a top with the following couple of days down small then up into Friday. This would fit into the "almost" that I have above. I would be mildly depressed if the 100 point SPX down move took place on 6/19.