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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: eichler who wrote (64161)12/12/2000 10:27:43 AM
From: bobby beara  Respond to of 99985
 
eichler, there are other sentiment indicators that are in conflict with overbought rydex, such as look at amd, up on an earnings dis, the market is pretty sold out, i think there are more places to make money on the long side, than the short side and it's ok for the rydex to show up a little excessively bullish in the context of an uptrend, we are probably due for a pullback, but i suspect it will be shallow.

when they buying bad earnings it's bullish
when they selling good earnings, it's bearish.

b



To: eichler who wrote (64161)12/12/2000 2:01:18 PM
From: bobby beara  Read Replies (2) | Respond to of 99985
 
eichler, oopz, i spoke before i saw todays update -g-

siliconinvestor.com

these are pretty extreme, especially the leveraged snp&otc funds which made an all time high in percent bullish at 89%, last time it got this high was on 11/6 the day before the election., pullback might be good
b