MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: bobby beara who wrote (12380)	5/21/2002 10:52:26 PM
From: t2	Read Replies (2) of 19219

bb, What is your view on the market. I noticed that AAII sentiment still remains quite bearish; bullish percentage did not increase even though we had a big move higher last week. I noticed that Rydex short funds saw increases on Monday. Can't wait to see JT's update for this evening. If the P/C and Vix/vxn rise for a couple of days along with daily increases in bearishness in the Rydex data, that could set up for the kinds of explosive rallies that we saw in the last couple of weeks. I have not bought yet..but am looking to load up especially if there is weakness going into Thursday or Friday. jmho

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