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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: phbolton who wrote (12393)8/4/1998 7:55:00 PM
From: Market Tracker  Read Replies (2) | Respond to of 18691
 
Fidelity announced a net outflow for last week

What I really want to know is the cash position of Fidelity and all the other funds. Should the net outflows continue or accelerate, we would all be in for quite an experience. Tomorrow's put/call ratio will be one of the more interesting numbers to follow. Looking for blood in Asian markets tonight. CSCO and AOL reports *might* not be factors in tomorrow market action. Dow Theorists have their confirmation signal. Have watched DT for over 30 years and it's not all hockum. NYSE and NASDAQ volumes impressive and market internals have persistently been sending a message. New highs and lows list as negative as many have seen in ages. IMO, the market is attempting to seek a new (lower) trading range, and it hasn't found it yet.

MT