MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: bruceleroy1_- who wrote (15315)	12/4/2002 3:54:39 PM
From: Lizzie Tudor	Read Replies (1) of 19219

OTOTOT I know for a fact that Raptor nailed the bottom in October and Jeff on the P&S thread warned the thread in October that short may not be the way to go. So they definitely were not perma-bearish. That may be... there's so many posts on those threads its hard to keep up. I think it was Jeff who wasn't around during this bull phase so its hard to say how he would have called it. His "naz might not be a great short here" is not exactly a call to buy with abandon. But at least it was something in the right direction. The problem with da chief, is he uses that CLX indicator and posts the results every PM... -6n12, things like that. Its a short term indicator and I believe it has often been bearish. But unless you know how to interpret the CLX you wouldn't know. Long term he has a 4 year cycle low and dow 16000 which might seem ludicrous but the problem is lt predictions are hard to validate... so Steve Lee and Jeff think we're going to naz 700 in 2 years and da chief thinks we're going to dow 16000 at some point, so what? In the meantime we could have a sharp rally to 2000 on the naz that wipes all the bears out and a resulting decline to 700 that kills the bulls. As far as the short term, the CLX indicator seems as good as anything to me. Personally I like Carpino, he seems pretty good. wrt MITA... I think Rydex has suffered this year with the decline in retail investing... it was retail that used to be dumb money and they are gone. The ramifications of no retail investors is actually bullish LT imo. But anyway you are correct the rydex contrarian sentiment didn't work earlier this year. The other stuff JT tracks like member buying seem right on. Lizzie

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