I will be spending most of today flying back to North Carolina ... so I will
make today's update short and sweet.
This morning, we will look at the recent and past Accumulation and Distribution
actions by Institutional Investors.
Today's chart goes back to April 2008 and is very easy to read. If the green
indicator is above zero, Institutional Investors are in Accumulation. If the
indicator is below zero, they are in Distribution.
Then there are the conditions in between those, like now ... when Institutions
are in decreasing Accumulation. At the close on Friday, Institutional Accumulation
took a large drop and was getting very close to going into Distribution.
If you follow the indicator, it tracks very well with the NYA Index ... its
no wonder, because Institutional Investors are responsible for over 50% of
the market's volume. (Today's chart is shown as a courtesy to our free members.)
Marty Chenard is an Advanced Stock Market Technical Analyst that has developed
his own proprietary analytical tools and stock market models. As a result,
he was out of the market two weeks before the 1987 Crash in the most recent
Bear Market he faxed his Members in March 2000 telling them all to SELL. He
is an advanced technical analyst and not an investment advisor, nor a securities
broker.
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