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小空，应该要补，如果不补就涨的话，嘿嘿嘿。
Chart B: Liquidity Inflows and Outflows
Liquidity inflows are critical to the market's action. If indicators are weakening while Liquidity is flowing in, then the liquidity inflow will take precedence and hold the market up.
Liquidity inflows moved higher while above our resistance line. (Although it recently made its 2nd. lowest level since mid July, Liquidity is still a high positive so it would not be unusual to see extreme volatility and whipsawing.)
Chart C: Institutional Accumulation/Distribution
On October 1st, Institutional Investors had their first day of Distribution since July 15th. Yesterday, Institutional Investors were in decreasing Distribution with the Sell/Buy spread decreasing. Institutional buying increased, and Institutional selling decreased bringing them to a point where the two were almost equal.
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*** Conclusion on the above charts A to C: Liquidity is still at a high rate and inflowing yesterday. Prior to that, we had been pointing out the following: "Do note that Institutional Selling is in an up trend ... this is an indication that Institutions are quietly stepping up their profit taking." Our premise has been to never go against Institutional Investors. We have no way of knowing if they will remain in Distribution, but as long as they remain in Distribution we recommend that you be in cash ... so, last Friday, we recommended moving to a cash position. *** Liquidity inflows remain high, and Institutions were almost neutral on Accumulation vs. Distribution yesterday, so today could easily develop a positive intra-day bias.
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发表于 2009-10-7 08:13 AM
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发表于 2009-10-7 08:13 AM
