Institutional Buying and Selling (by Biffermas)

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I'm a closeted lover of indicators, even though I realize the limitations inherent in something based on little more than price and volume.  I haven't shared many of these with you recently because they simply haven't given any good signals for two months.  Choppy, low-volume movement doesn't trigger the extremes required for a juicy indicator-based position.

This combo from Marty Chenard's Stocktiming.com represents the major reason I signed up for his service. They are both based on institutional accumulation and distribution (although his definitions for each are somewhat cryptic).  These are showing promise for market reversal. but it's too early to draw firm conclusions.  However, looking from a bearish perspective I think the current readings should bolster some cautious optimism.

Chart 1: The Market Algorithm.  Based on institutional selling direction.  Chart description.

Rolling over

Chart 2: Institutional Buying and Selling.  Here is the chart description from Stock Timing.  What is remarkable about this chart is the relative absence of both buying and selling.

Institutional chart