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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (130560)3/10/2006 6:31:03 PM
From: chainik  Read Replies (1) of 209892
 
Coming back to Rydex data, here is a brief article on their interpretation - whether they should be used as "divergence tool" (Swenlin) or as "contrarian gauge" (Schaeffer)

According to this guy, initial decline in enthusiasm is not good, because it signals risk aversion. IMO that's what we are seeing now - the indexes are holding reasonably well, but Googles, Apples, QQQQs, SMH etc are doing poorly.

minyanville.com
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