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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Techplayer who wrote (48426)	10/28/2003 5:17:45 AM
From: zonder	Read Replies (1) \| Respond to of 57110

Sorry, I should have explained. I like MZM better than M1, M2, or M3, for it gives a better feel for the liquidity in the market. The table below is a matrix that shows how the average liquidity of the four weeks ending on a date compares to the average liquidity of the four weeks ending on another date. That all except one number is positive shows that MZM liquidity has been growing consistently and with regards to multiple past points of reference. (I realize I am not explaining this too well. Sorry about that :-) Basically, what that negative number at the very end shows is that in the most recent reading of 13 October, there was a decline in MZM liquidity in the market for the first time, and only in comparison to 18 August reading. That is, current liquidity still shows a growth over the readings that came before, but is now lower than it was in August (which the graph shows). Note that -3.1% is the decline on a COMPOUND ANNUAL basis - what it would amount to if it declined at this level every 56 days.