MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (10371)	2/14/2002 8:22:43 AM
From: AllansAlias	Read Replies (1) of 19219

The money flowing into bull index funds yesterday was $79.4m The money flowing into bear index funds yesterday was $11.2m So, the net flow goes to the bulls. Since the recent low, the money flow into bull funds is $86.6m versus $16.1 flowing into bear funds. Rydex has been incredibly bearish for months. I strongly believe that the usefulness of Rydex as a timing tool has diminished. Since the Sep low the bear fund money flow has been growing in a near straight line, save for a blip down in mid-Nov. If one looks at "bull$ - bear$" one sees that Rydex entered into record bearish territory mid- to late-Dec. Using this as a buy signal would not have worked out very well. I am not disputing that Rydex is record bearish and has been so for many weeks. I am questioning the usefulness of this knowledge. Rydex is not acting like it ever has before. Normally, on a good rise, we see bears pull out of bear funds, yet, since the Sep lows we have them piling in week after week. Their persistence tells me it is not retail money, but that is a guess on my part. All the best, Allan

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