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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (11885)4/29/2002 11:40:09 PM
From: bobby beara  Read Replies (1) of 19219
 
stockcharts.com

JT, the rydex #'s, especially the mm funds are showing bearishness, but the leveraged rydex funds are way off the feb lows, they were much more bearish then, than now as we have broken those lows.

and the put/call ratios show the same.

it looks to me that the dow is headed back down to 9600 before the bulls have another chance.
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