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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (2181)12/31/1999 7:47:00 AM
From: Matthew L. Jones  Respond to of 19219
 
J.T.,

Forgive my ignorance, but what is the NYSE Cash Index and what does it measure? If .80 is indicative of an impending correction, what is the opposite reading (over sold)? Would you mind too much giving us a little primer on the use of this tool (us being the uninitiated)? But then again, maybe I'm the only one who is unfamiliar with this tool <g>. If I don't talk to you again this year, may you and yours have a happy and prosperous New Year.

Matt



To: J.T. who wrote (2181)12/31/1999 10:09:00 AM
From: pater tenebrarum  Read Replies (2) | Respond to of 19219
 
J.T., it is also noteworthy that the RYDEX ratio reached an all-time low of 0,14 two days ago. in other words, never before were investments in Rydex funds so skewed to the bullish side.

a happy new year to you and all MITA contributors!

hb


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