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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Don Green who wrote (20092)	10/5/2017 5:02:45 PM
From: The Ox	Read Replies (1) \| Respond to of 33421

I don't have data on this but there's a lot of speculation that central banks and SWFs are buying the US markets/ETF/ETNs... If that is the case, then I suppose "it's different" is a part of this action. Hard for me to say what's up. It sure looks like every time over the past few months that we've seen the market back off even slightly, we get massive buying. It does appear coordinated with currency fluctuations but, again, that may just be my biased view. It's almost as if there is more fear of a cascade in selling that needs to be propped up or the dam will break. I'll need to review the data again but I believe we've only had 1 stretch of 4 days of selling since the election. Quite a few 3 day downdrafts but we've had at least 5 stretches this calendar year alone of more than 4 up days in a row (3 of which have occurred in the past 7 weeks). (none of this is worthy of trading off of and may simply be that more people are putting money to work in stocks?)