Thanks MW. Excellent data. Here is some data, take special note of the worst(most negative Money Flows, for the day were--in bold face)
<Funny enough, last July 5th we were up 4.14%>. i did remark after the terrible employment report the Fed had a 3 and 1/2 days to develop a master plan for the seventh.
But this did seem to boil up out of events in Asia, and Japan euphoria over statements the tech recession is over.
This is a time i wish i had deep pockets and could afford the arm and leg for Trimtabs realtime data.
But Biderman did say,though they now have a "aggressively bearish status", the top could well not be in, if there are still Pension Funds out their just going into buy buy buy mode.
He also said Foreign money was coming in now (which he classified as dumb money<he evidently has all the data to show they buy at the wrong time>, i feel Pension Funds he probably rates with Buffet, as Idiot's Money---i had a link to a 5 page article in which Buffet annihilates the Pension Funds as not only incompetent, but a fraud due to the rules that allow Pension Fund Money managers to be greatly rewarded for their incompetence--but Fortune now only gives access to magazine subcribers, and it is just too much to copy and paste.
But without data, i don't know who was buying today.
It is days like this that even i feel the beast within that says "Load up now sucker this will never stop, it will never retreat, five years from now you will see Nasdaq at 10,000 and be saying o why o why didn't i buy"---but then i shoot the beast:)
Volume of 1.86 billion on Nasdaq, but both VIX and VXN rose;
BUT P/C closed at 0.52--TRIN 0.45 and TRINQ 0.52.
NMS New Highs 344, New Lows 6. NYSE New High 348, New Lows 9.
And whew the TOP 3 Positive Money Flows today were SPDR(+186), WMT(+117), DIAMOND(+115). But the TOP TWO Worst MoneyFlows were MSFT(-75) and the NDX100!(-61). gd