When Could the Bull Market Come to an End?

By: Marty Chenard | Fri, Apr 29, 2011
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By now, you know how important Institutional Investors are as a group.

They carry a lot of clout, and well they should given the fact that they are responsible for over half the trading volume on any given day.

When they are buying or are in Accumulation, the odds are always with you if you go in the same direction. Professional investors never try doing the opposite of what the Institutional Investors are doing, because when they do, they get hurt.

When it comes to a shoot out between you and what the Institutional Investors are doing, they will win every time.

So, what have they been doing?

Well, as you can see from today's chart, they are still bullish and in a secondary up trend. They started a primary up trend in early 2009, and then after a correction, started another up trend in mid 2010.

This chart measures the value of their "core holdings", and as you can see, there are two important resistance lines coming up. The most important one is the upper red resistance line.

If this Bull market decides to end, the most probable place would be when the Institutional Index of core holdings reaches this MAJOR, 11 year old resistance line.

How far away is it now?

Well, as of yesterday's close, that resistance line was in a 6.8% to 7.2% range from yesterday's close. (This chart can be found as the first chart in Section 1 of our paid subscriber area, and is updated every morning before the opens.)

Institutional Index of Core Holdings

 


 

Marty Chenard

Author: Marty Chenard

Marty Chenard
StockTiming.com
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Tel: 828-296-1200

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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