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Strategies & Market Trends : MP - Market Pulse

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To: bobby beara who wrote (1079)	8/4/2001 5:41:21 PM
From: John Madarasz	Read Replies (3) of 1328

Nice Bob...thanks. I have to tell you I am putting less and less faith in Rydex as an indicator anymore...I think it's too closely watched, and not objective enough fwiw. Check out the bullish percent indicators on the NYA and COMPX... they have both reversed up... but not from truly oversold levels of around 30...and nowhere near the real historical "bottoms" so to speak. Tradeable bounce...I think yes. Time to go clown long... not even close. NYA stockcharts.com[e,a]waclnymy[d19960101,20010803][pa30!f][vc60] OTC stockcharts.com[e,a]waclnnmy[d19960101,20010803][pa30!f] remember, historically the two worst performing months for the SPX since 1971 are August, then the worst...September p.s. did you ever bar-b-que a krispy kreme? mmmmmm <g> Please Remain, Sir Ford Fairlane <g>

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