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Strategies & Market Trends : Moomin Valley (formerly Troll-free Zone) -- Ignore unavailable to you. Want to Upgrade?


To: Moominoid who wrote (1686)9/1/2006 1:54:10 PM
From: RealMuLan  Respond to of 2852
 
Even though the broad market going up, esp. DOW and SP, a lot of stocks I watch are very weak. Except some having shorts squeeze, most of them were being sold on every rally. Not sure what is going on.

The market is hard to gauge when hedge funds going long<g>



To: Moominoid who wrote (1686)9/1/2006 4:26:45 PM
From: RealMuLan  Read Replies (1) | Respond to of 2852
 
Mutual Fund assets slump at summer's end
By Aaron Siegel
September 1, 2006
Money-market mutual fund assets fell $12.4 billion to $2.201 trillion in the week ended August 30, down from $2.213 trillion the previous week, according data released by the Investment Company Institute yesterday.

Assets of the 889 retail-class shares fell $1.06 billion to $917.7 billion, the Washington-based mutual fund industry group said.

Among the retail-class fund shares, assets of the 580 taxable shares fell $324.5 million to $704.4 billion, while tax-exempt shares decreased $737.9 million to $213.29 billion.

Assets of the 1,144 institutional class funds decreased by $11.34 billion to $1.283 trillion.

Among the institutional-class funds, taxable money market fund assets fell $9.18 billion to $1.144 trillion, while tax-exempt fund assets decreased by $2.16 billion to $139.28 billion
investmentnews.com



To: Moominoid who wrote (1686)9/1/2006 4:37:15 PM
From: venividivici  Read Replies (1) | Respond to of 2852
 
Hopefully, you can see the annotations. According to Neely in Mastering Elliott Wave, these are pretty rare formations, so who knows if it's correct. He does say that when they do occur "Wave e can be quite violent", which makes me think I could be on the right track.

stockcharts.com