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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Mike M who wrote (14877)4/21/2001 4:50:59 PM
From: Zeev Hed  Read Replies (1) | Respond to of 30051
 
Mike, usually, liquidity gets a big chunk of the turnips' patch, but last year experience (where liquidity was still overflowing until late in the year, yet we failed to get close to the March's highs on the Naz on subsequent rallies) force me to downgrade liquidity availability (including the tremendous growth in MZM) below sentiments as important indicators. They are necessary for an advance, but for the foreseeable future, i actually see MZM and money market funds growing and growing and just serving as a relatively small reservoir for future rallies.

Zeev