Well bear klown fans, it might be time to light this candle again,
i did some calculations of the rydex ratios, using the main ratio i follow which is to add the bear funds + bull funds + plus
money market(i give leveraged funds 1.25x)and divide that into the bull funds to get a percentage of bullish money.
on sept 21st that ratio was 30.9% bullish money
last thursday the ratio was 33.5% bullish money
Well bear klown fans the rydex ratios were pretty ugly all last week, culminating with a 31% ratio on thursday, matching the sept lows within a whisker, the bear klowns are trying to tell everybody that this is smart money and all the put buying is hedging or something -g-
thats what bear klowns should be saying at the bottom.
if we close on the high today above where we are now +27 on nas, we got a beautiful morning star reversal pattern, with the dow over 10K and now back above it's 200 day moving average, still would like to see the bonds break out of their triangle, to confirm the crowd has turned bullish on a recovery, and to get some more cash for the rally
it might be time for a little song,
a little dance,
a little seltzer,
down the bear klowns pants |
