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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (4766)10/5/2000 9:36:49 PM
From: bobby beara  Read Replies (4) of 19219
 
Thursday 10/5 Rydex

nova 488.3
ursa 297.1

otc 2804.2
arktos 120.9

cash 1292.2

titan 95.1
tempest 19.5

velocity 78.2
venture 52.9

pm's 26.7

so here we are folks on the flip side of sept 1st, or are we, the put calls are showing bottoming behavior (but they didn't show exhuberance at the top - which screwed me up -g-), but the rydex ratios are still showing a lot of bullishness for such a significant drop in spx/ndx, during last years scary month we had ursa assets exceed nova, this year the new leveraged funds are showing extreme bullishness after a 100 point drop in spx.

i still think until they start buying the bear funds with gusto that the trend is down and trades on the long side should just be quick or your dead -g-

there may still be an annual fall big vix, frontpage headline bottom waiting out there somewhere.

bwdik
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