MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (15481)	12/10/2002 11:55:29 PM
From: bobby beara	Read Replies (1) of 19219

JT, i wouldn't fall in love with any one indicator, your indicator will not send you a birthday card, just like your favorite stock rydex assets which may have been a good poll of sentiment, during the bull market, when money was piling into them . . . now assets have been decimated by the bear market, and the beta may have been enlarged, and the ratios are no longer an accurate sentiment pole of the market. there is a lot of money trading hands in the options market, that's probably a more real sentiment indicator. i know you are a stubborn person, but being stubborn in changing market conditions ain't gonna get you squat.

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