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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Defrocked who wrote (8480)	10/29/1997 8:46:00 PM
From: Mark Nelson	Read Replies (1) \| Respond to of 94695

Globex S&P just went limit down. Is the Nikkei quote correct: down 480.42? I think I'll see about PUTting some orders in now. Check back with y'all in a few. Mark

To: Defrocked who wrote (8480)	10/29/1997 9:26:00 PM
From: Ramsey Su	Respond to of 94695

Defrocked, I followed you over here via your recent post on the WIND thread. This thread is more bearish than most but not without reason. Though very active now, I was one of those passive investors who relied on a major brokerage house to make all my decisions during the 1987 fiasco. Lacking that direct experience during a correction, I have been doing a lot of catching up the last couple of days to formulate some opinions and strategize my moves for the upcoming months. The number one factor I found disturbing is mutual fund netflow. Reading articles such as the following made me go back and search for correlation between mutual fund inflow and corresponding stock movements. biz.yahoo.com Unfortunately, Trim Tabs, mentioned in article, wants something like $5000 per year for their data. Using only free sites, it appears that the market is currently supported by a 4 week moving average of $4 billion or so net inflow per week. I am sure that you all saw the interviews on CNBC and others. It was like a taped message. Every brokerage house were reporting "less than expected redemptions", "calm and savvy investors staying put", etc etc. My concern is that we don't need a net outflow or a run to influence the market. If the netflow is zero, that means $4 billion worth of liquidity just left the market. It may be a drop in the bucket compared to the $2+ trillion mutual fund asset value and my crude analysis seem to show otherwise so far. Have you looked into this angle? Do you know of any reliable and consistent source for this data, cheap? Ramsey