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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket. -- Ignore unavailable to you. Want to Upgrade?


To: James F. Hopkins who wrote (386)4/16/1999 9:27:00 PM
From: Monty Lenard  Read Replies (1) | Respond to of 2103
 
No new money here:

> Mutual Fund Inflows: What a difference a week makes!
>
> According to AMG Data Services, stock funds only took in $0.772 billion
> for the week ending April 14th, down from +$3.15 billion the previous
> week. Money markets lost $3.08 billion compared to the huge $26.89
> received the week ending April 7th. Taxable and municipal bond funds took
> in a paltry $0.053 billion after receiving $1.915 billion during the prior
> week.



To: James F. Hopkins who wrote (386)4/17/1999 3:20:00 PM
From: donald sew  Read Replies (1) | Respond to of 2103
 
Jim,

>>>> This kind of rotation just won't work. It takes new
money to make it work, and when big ones sell off to buy the little ones then the new money is not there. <<<<

That is very much in line with my thoughts. It could last a little longer say a few more weeks to maybe a month or so, but then the downside will come.

With IRA $$$ period coming to an end and we just saw the first clue last week that inflows are slowing down, there may not be enough money to keep this market up at these high price levels. The sectors
that move up now, will move up at the expense of another sector.

Last week it was HiTechs, TRANPORTs, smaller caps at the expense of the BIGGER HiTECHs/INTERNETS. What will it be in the near future, HiTECHs moving up at the expense of the BANKs or CYCLICALs or DOW, or somethingelse.

seeya