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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (5309)11/27/2000 10:27:41 AM
From: Wyätt Gwyön  Read Replies (2) of 19219
 
JT,

The Bears are going to get pounded in this counter-trend bounce into next week.

I understand how you are using the Rydex figures to gain a short-term directional reading, but how do you put that direction into the context of a counter-trend? I.e., do you see the medium- or longer-term direction as downward (in spite of the short-term bullish posture you accurately predicted Wednesday), and if so, are you basing that on the Rydex figures or something else?

One other question--you've mentioned the Rydex figures as mimicking the large speculators, who are countered by the commercial traders. Who exactly are these large speculators, and who are the commercial traders? I am trying to understand their difference in the financial food chain.

TIA,
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