小低开,在昨天的range里,所以介个空应该会补。
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 had a sideways tick while in high territory. This remains a high reading, so we could see some unusually high volatility in the markets when profit taking starts to come into play. (Very high readings are bullish.)
Chart C: Institutional Accumulation/Distribution
The Institutional Investors were in Accumulation with the Buy/Sell spread decreasing slightly. Institutional buying increased slightly, and Institutional selling increased. Note that Institutional Buying still has a Negative Divergence between the August peak and last week. Institutions are getting uncomfortably close to going into Distribution. ______________________________________________________________________
*** Conclusion on the above charts A to C: Liquidity is still flowing in at high levels, so the run-up is still being fed. *** Do note that Institutional Selling is in an up trend and Institutional Buying is in a technical down trend. As we mentioned last week, this is an indication that Institutions are quietly stepping up their profit taking.
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