Given that Institutions account for over 50% of the stock market's daily volume, it is critically important to monitor Institutional activity on their "core holdings".

As seen in today's chart, the index of Institutional core holdings dropped on Thursday and Friday. The significance of the drop was that it brought the index back into the down channel which officially started when the Institutional Index reached an exact 61.8% Fibonacci retracement last October.

As long as the Institutional index is moving lower within the channel, the market will have no support from Institutional investors. This is a high risk condition.

By Marty Chenard
http://www.stocktiming.com/

Please Note: We do not issue Buy or Sell timing recommendations on these Free daily update pages . I hope you understand, that in fairness, our Buy/Sell recommendations and advanced market Models are only available to our paid subscribers on a password required basis. Membership information

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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