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To: HairBall who wrote (986)7/31/2001 12:29:41 PM
From: ajtj99  Respond to of 1328
 
LG, I have noticed in the past week that the large caps are never all down at the same time. It seems some are up, some are down, but the overall effect is that they end up mixed and the Nasdaq moves very little.

Today's thrust up towards 2057 could be a last ditch effort to rally for the end of the month and keep the money flowing into funds.

NAPM Index is a better barometer of what's happening, and things are not too great out there right now.



To: HairBall who wrote (986)7/31/2001 10:21:50 PM
From: mishedlo  Respond to of 1328
 
Well - What pray tell is being accumulated/distributed.

I would think on a broad brush it is one or the other (with possible individual exceptions).

In general, is the Naz 100 being accumulated or distributed.
I would suggest distribution, but I am biased.
Look at NYSE Tick/Trin.
Near panic buying but Trin (until 11:00 or so) was above .73.

That does not compute (to me anyway).
Seems like a bearish divergence.
BWTFDIK?
M