The Power to Trigger a New Stock Market Rally?
Stock-Markets / Stock Index Trading Jan 14, 2010 - 10:44 AM GMTBy: Marty_Chenard
An interesting question. Is there a group of investors that we can say may be responsible for triggering new upside rallies?
Take a look at today's chart and decide for yourself.
This chart goes back to July of last year and shows the instances where the Institutional Investors have changed their "directional shift" to positive (above zero).
There are six instances showing that shift, and if you you look at the S&P 500, you would have to say there is a pretty good correlation, wouldn't you?
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By Marty Chenard
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Marty Chenard is the Author and Teacher of two Seminar Courses on "Advanced Technical Analysis Investing", Mr. Chenard has been investing for over 30 years. In 2001 when the NASDAQ dropped 24.5%, his personal investment performance for the year was a gain of 57.428%. He is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools. 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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