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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (13974)7/30/2002 9:47:54 PM
From: russwinter  Read Replies (1) of 19219
 
JT, I've been looking for your Rydex Nova + OTC/ Ursa ratio on here, haven't seem them for awhile. Am I going to have to go to work and look for them <g>? Think there's some clues there about this rally's duration. Meanwhile 10 day average put calls are .83 and we are running .69-.70 over last three days. VIX 10 day average is still 42, and we are running .34-.35 last two days. Looking at those we still have legs and fuel to the upside. But what about Rydex, are they switching to long side, or frozen with their shorts? If frozen we may still have more short covering fuel as well.

Biotech rules this rally, and you heard it here first! Watch those biotech call premiums, getting pretty rich for covered writes. Wrote them last hour on my ICOS, NPSP positions and half my HGSI as they are up 50% in less than a month.
finance.yahoo.com^BTK&d=c&k=c1&a=v&p=s&t=3m&l=on&z=m&q=l

ICOS:
stockcharts.com

NPSP:
stockcharts.com

HGSI:
stockcharts.com

MLNM ready to break to the upside? Think so.
stockcharts.com
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