MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Joe Smith who wrote (10857)	2/28/2002 3:51:46 PM
From: Gamma Positive	Read Replies (1) of 19219

I've only been reading here for a short time (although I did go back and scan earlier posts). Like others, I appreciate JT (and Walt) posting Rydex #'s daily. I'm sure it takes quite a bit of effort to do that. But I have to disagree with your remark about Steve/JT, neither of which I know other than through their posts here. Steve may be a bit over-the-top but JT is the same in his own way. Going back a month or so, JT's Rydex posts continues to say: Regular Series: 100% Long NDX OTC Dynamic Series: 100% Long SPX TITAN Along with JT's "exuberant" bullish rantings. I have not followed these Rydex #'s long, but it hardly seems using Rydex sentiment as short-term trading indicators is possible. That is, how long has JT been long a leveraged SPX bullish fund?! It's has to be down significantly from whereever the entry is. That's not trading, that's investing (or worse since it's a leveraged fund). Ban me now <g>.

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