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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: AllansAlias who wrote (53917)	1/4/2001 9:14:14 AM
From: pater tenebrarum	Read Replies (2) of 436258

i agree. after reviewing all the technicals yesterday, the only one that rings alarm bells is the sentiment stuff, with Rydex asset allocations giving yet another huge sell signal. everything else points to a continuation of the rally after a brief pullback. if the sentiment data show growing skepticism while the rally progresses, it might even have legs. sentiment is the only thing that keeps puzzling me. no fear climax has occurred...and yesterday's swing from bearish to bullish Rydex allocations was the biggest one day swing i have ever seen, with the bullish Titan fund's assets growing from 49m. to 132m. , which is incidentally an all time high. the Velocity fund more than doubled its assets from 100m. to 207m., also a record. the money market + bear funds vs. bull funds ratio reached a 3 month low of 0,31 and the overall Rydex ratio 0,11 - only 0,03 from its all time low in March. the other t/a indicators, internals as well as various oscillator divergences almost all say we've seen an intermediate term low.

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