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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?


To: robnhood who wrote (39556)6/13/2000 7:48:00 PM
From: robnhood  Respond to of 42523
 
Hey guys, All those pesky bulls have disappeared of this thread.. Hmmmmm

They must be feeling pretty good right about now.



To: robnhood who wrote (39556)6/13/2000 7:57:00 PM
From: pater tenebrarum  Respond to of 42523
 
all: the Rydex ratios are all within spitting distance of a new all time low as of today.

the pure sector + bull funds ratio is at 0,09 (all time low achieved in early March: 0,08)

the ratio that adds money market funds to the bear funds is at 0,20 (all time low 0,19)

that means we have reached yet another manic extreme with the market not even at new highs. note in connection with this also that according to Alan Newman the dollar volume in OEX puts hit a fresh all time low last Friday.

in other words, the possibility of this market experiencing downside is so far removed from everybody's mind that they're simply not interested anymore...this jibes with the string of record low index p/c ratios we have recently seen.

note, these ratios are not an exact timing devices, but just as in early March, regard them as a bright red warning flag waved a mere centimeters from our faces....or, you can alternatively imagine them as a fire alarm klaxon that won't go off.

whatever disturbs your complacency more effectively.