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Strategies & Market Trends : Why the markets will continue higher... -- Ignore unavailable to you. Want to Upgrade?

To: Ron Dior who wrote (31)	12/4/1997 6:36:00 AM
From: GROUND ZERO™	Respond to of 745

Hi Ron, Actually the TA is very simple. Also, I believe you may have hit the nail right on the head with your KISS assessment of this market. New money. Pension fund and mutual fund managers recieve new payroll additions from employment payroll disbursements each month, and these managers typically make their market purchases with this new money during the first week of each month. This is also explains why this week's rally is especially spirited. If you look at the DOW chart, you will see an upward lurch early in every month, most generally. Of course, these same money managers buy and sell at any time as well. They will soon be buying back in after having sold out at lower levels just recently. That will also fuel a good rally, this time into new highs. Have a great week. GZ