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

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To: Shack who wrote (67423)2/14/2001 12:10:36 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
yesterday's RYDEX ratio came in at 0,14....that's not terribly overbought, but it's a loooong way from oversold levels. it appears that yesterday lots of money exited the bear funds, or alternatively that bull and sector funds had strong inflows, or a combination of the two. the ratio lost 0,03 vs. the day before yesterday.

i interpret that as meaning that people see only very limited downside from here. usually the market tends to surprise them by doing what they don't expect.
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