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Strategies & Market Trends : Classic TA Workplace

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To: reaper who wrote (41401)	6/10/2002 10:27:02 AM
From: Paul Shread	Read Replies (1) of 209892

reaper, If I remember correctly, all the Rydex index funds need to be inverted 2-1 to get a significant bottom, so we may have more coming in the other funds anyway. The other factor is how quick they are to buy any bounce; the tinder for rallies could run out quickly if dumb money jumps in en masse. Rydex does seem to have become less predictive this year, that or J.T. has lost it, because he's been bullish since February. We've had a strong downtrend since September 2000, so I'm not sure why the quality of the Rydex indicator would deteriorate just this year, but it sure seems to have done just that. It's taken a long time to get to the 'recognition' phase, if that's what's going on. Rydex works very well for the XAU still, by the way. A 25% jump in Rydex XAU assets marked the exact top so far.

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