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


To: Bull RidaH who wrote (8158)7/17/2001 11:12:43 AM
From: robert b furman  Read Replies (1) | Respond to of 19219
 
Hi David,

Bears are blinded by greed and hoping for the last low just like bulls wait to sell at the next new high.

Thanks for the weekly cycle updates - you've been nailing them well.

Today doesn't act like much of a sell-off at all ????

Turning point with Intc as a catalyst?!

Bob



To: Bull RidaH who wrote (8158)7/17/2001 12:10:02 PM
From: J.T.  Respond to of 19219
 
We are near 2 to 1 short over long in rydex spx dynamic series. This is a better proxy comparable to 98 spx nova ursa regular series where we got to almost 3/1 short over long FOR ONE DAY..

So... could we go lower? Yes. But the upside reward is far better than the risk of moving significantly lower at this juncture for a "position trader" like myself.

Best Regards, J.T.