rydex worked in the past, even in the bear mkt up until 2002. Is that correct, anyone? I believe rydex was accurate wrt the post-sept 11 rally. It was only this year it didn't work.<<<<
lizzie, i have some of the major turning points in rydex bookmarked, some levels worked well in 2000 for turning points & 2001, but it has been misplaced thinking during the bull or the bear market to think that levels will cause a turning point, larry mcmillan uses turns in the 21 day moving average of p/c ratios, doesn't try to pick turning points, the sentiment ratios have been making lower highs and lower lows with the market, even larry mcmillan says that price is the main indicator, the p/c ratios turned down in june 02, while the market kept crashing in july, giving a false buy signal, also the rydex and put/call ratios topped in november last year, while the general market went sideways for 4 more months and the small caps rallied hard.
sept, 21, 01
Message 16399549
november 19, 01 peak reading for rydex sentiment on the rally off the sept lows
Message 16682709 |
