Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: t2 who wrote (30691)	2/17/2002 11:09:36 PM
From: ajtj99	Read Replies (3) of 99280

NV, I would not pay any attention to Rydex bullish/bearish sentiment. It is unreliable, IMO. If you want this sentiment, use a chart and type in $BPCOMPQ or $BPNDX. I believe that is a better predicator of the actual sentiment that is being traded upon in the markets. Right now, things can get more bearish before a bounce happens, but not too much more bearish. The high put/call ratio may be taken care of Tuesday. I expect it to drop again to around 0.85 or possibly lower no later than Wednesday. The put/call stayed high for most of the month of September, and the index dropped another 300-points after it had several high readings. This indicator is showing us a rally is just around the corner, but that corner could be 100-points or more lower than where we are.

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