To: Tommaso who wrote (17767 ) 5/1/1998 10:22:00 AM From: James F. Hopkins Read Replies (2) | Respond to of 94695
Tommaso; I agree fund money flow is the main trigger, however us peons get that info a little late, it would be nice if we got it on a daily basis. That seems to be privileged info the movers and shakers don't want the public to see until after it's almost to late, we mostly have to do some kind of guessamation based on last weeks data. BUT just this morning on TV a fund manager spilled the beans ( this week some money is flowing out ).. ---------------------------------- After this kick up we could have a very strong dip. ----------------- The market has an overhead ( of spread and commissions ).. in takes a positive inflow to hold the market at what ever level it is at..if buyers and sellers become equal, the market loses ground. The market can fall under its own weight, as it takes buyers to hold its ground or make gains. in other words when supply and demand have equal balance it will slowly sink, it must have a + on the demand side not to sink. --------------------- There is a lot of hype now on all the news media the bulls are out in force..they want more people to come into the market , they need more people to come in, and they know it. ------------------------- The long long term trend is up , but the long trend from early 97 is much sharper to the upside , and it may have just broken it's trend line..as of April 5th..a short term down trend is trying to make itself known. While I don't think it will drop much below the long long trem up trend..I think it's got a good chance to adjust down to it. ------------------------ Some time ago I said we kissed 7600 good by..called for 10000 on the Dow this year maybe 10600..but also put in a low of about 8200..the run to 9200 was to fast..we are not going to go up at 60% a year..the Dow is not going to make 12000 this year yet to maintain the rate of climb from 7600 to 9200 it would have to. That is for dreamers. Why GreenSpam would have a heart attack, ( he might any way ) but that would cinch it. <G> Jim PS BTW this new sex pill Viagrin.( or what ever ).my wife asked if I thought it might cause a population explosion..I told her I didn't know about taht ; but it will likely cause an increase in the amount of rich widows, more than babies. I been thinking of getting me some so as I can mail a few to Greenspam & Bill Clinton ( anonymously of course ) and you know that just could be a big help not just for them but for the world <G>