You already know the market relationship ... Institutional Investors make
up for over 50% of the volume on any given day.
When the "core holdings" held by Institutional Investors are expressed
as an index, it shows a very accurate picture of what the market "really" looks
like.
Why is that? Partly because it is not a recognized and trade-able index. Therefore,
it is exempt from hedging and market "games" that could change the
appearance of its underlying condition. This is why we spend so much time and
money tracking Institutional core holdings, Institutional Buying and Selling
activity, and Accumulation/Distribution levels for our paid subscribers. Below
is the current chart as of the close yesterday.
What do you see?
Answer: The Institutional Index of "core holdings" is now at a major
testing point. Yesterday, it was just 0.79% away from its 6 month resistance
line. This will be a major test that will affect all the other indexes.
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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