I often refer to what is happening to the Institutional Investor "core holdings".
When looked at as an index, it gives a superior view of what is happening
in the markets. As I have pointed out in the past, this is because over 50%
of the daily volume in the market comes from Institutional Investors.
Today's daily Institutional chart may be showing a "glimmer of hope". I say "may
be showing" because it has not proven itself yet, but it is at a support point
worth paying attention to.
This is day 3 of holding that support and an intra-day positive bias is tentatively
trying to develop ... so we could see a short term respite from the market's
dropping.
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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