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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: marginmike who wrote (7379)3/21/2001 10:46:43 PM
From: bobby beara  Read Replies (1) of 19219
 
don't frown average down,

now i don't want to interupt the bull lovefest here, but i hate when misinformation is spread to support one's position.

for everybody's edification - jt's information is incorrect, the last time there was an ursa/nova inversion was in october 99 - not 98, that was after a whopping 10% drop of the july 99 high,

now after over 20% drop we finally have an inversion,

at the 98 bottom the ratio of bear funds and cash, was 3 times the level of bull funds and sector funds.

and btw, gfy -g- again
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