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

To: Jags who wrote (22322)	7/25/1998 4:15:00 PM
From: James F. Hopkins	Respond to of 94695

Jags; amgdata.com then click on news, it's just a once a week update. Read it the way you like, but I've found that the Money Market flows are the most important. When it gets high that's money looking for a place to go. Naturally the equities would have out flows, as the market went down, now if they had more inflows than the MMs and the market had gone down I would be worried. To me it did just what it should have, being the markets dropped, but the build up of cash in the MMs is bullish for the next week. When you have a lot of money going into equity and out of MMs to the point the MMs fall below their 4 week average, then that is getting bearish. Note the previous week the 15th..that's one of the reasons on the 16th I was saying short the market. This is no holy grail but along with some other indicators I see us going up this week, however we could make 1120 S&P before the snap, but I dove in on the long side Friday. Jim