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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (4733)9/28/2000 8:36:55 PM
From: bobby beara  Read Replies (5) of 19219
 
Good job on cmgi jt,

todays tale of the rydex tape shows a ballooning of bullish
transfer, especially the leveraged funds which are now at ratios seen at former major topz.

i don't know what to make of it after such a long downtrend, usually u see this kind of bullish reading after a decent rally when everybody is throwin in the towel and going long at the top.

todays highlight leveraged SPX long assets
123 million
leveraged short
17.1 million
pretty extreme.

also the leveraged funds are up substantialy from the
the previous high in $ amounts
previous peak in bullish leveraged funds was 136 million

9/28
NOVA 559.9
URSA 267.
OTC 3131
ARKTOS 116.4
2x BULL 232.6
2X BEAR 61.1
CASH 1428

BULL/BEAR+MM 67%
OTC/ARKTOS 96%
2X BULL/BEAR 79%
NOVA/URSA 68%
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