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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Lizzie Tudor who wrote (14585)9/13/2002 10:24:49 PM
From: Lizzie Tudor  Read Replies (1) of 19219
 
this editorial from the homepage of SI talks about rydex sentiment,
A Contrarian Fund Flow Indicator
That Looks Bullish
September 13, 2002

siliconinvestor.com

Theres a nifty chart in the middle of the piece with historical %-gains in the dow when the rydex numbers hit 1.20 or less. What was interesting was May 97 rydex ratio hit .88, 50% lower than where we are now, that resulted in a 10% dow move eventually.

What happened in May 97? I don't even remember that. Asian flu was late 97 I thought, and then LTCM a year later.
L
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