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To: AllansAlias who wrote (19796)	11/7/2001 7:52:14 AM
From: JRI	Read Replies (1) \| Respond to of 209892

One good sign of some short-term down...(Rydex not withstanding) Look what's #4 on the hot play list... Subject 51855

To: AllansAlias who wrote (19796)	11/7/2001 8:12:07 AM
From: Doo	Read Replies (1) \| Respond to of 209892

AA: I've tracked IIA sentiment numbers for about 6 years now, and I use them to help determine the predictive reliability of price and volume signals for intermediate term (3-9mo.) runs, according to William O'Neill's CANSLI"M" work. Extremes are the only thing of value in those sentiment numbers, like those found in front of the latest price and volume signals confirming the 9/21 low as the beginning of one such IT turn to the upside. I've followed JT's use of the Rydex for more than a year, and I understand he uses the numbers for short term moves, with varying success. I like the format of what you've posted here in the same way I like the IIA extremes. My question is whether you would articulate how you use these for short term moves, since I gather that is what you are doing. Since I'm a day trader, but one that also likes to follow "swing trade" trend and longer term trend, I'd love to find a sentiment indicator that helps identify the turning points in a shorter time frame. So far, I've seen no articulation of how Rydex provides assistance in that effort, but it certainly seems you are using them to that effect. Appreciate any short note you could offer, when it is convenient. Jeff

To: AllansAlias who wrote (19796)	11/7/2001 8:28:30 AM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

Rydex Bullish% Update Addendum We are at the same levels as Oct 25, which is to say we are back at the highest bullish%'s since the Sep lows. HOWEVER, the numbers did not swing as high as one would expect them to given the new market high. The skepticism continues and I think that any pullback from here will be minor.

To: AllansAlias who wrote (19796)	11/7/2001 11:00:29 AM
From: Les H	Respond to of 209892

You also have about 80 million dollars in excess in the Rydex Biotech fund than would be accounted for by the appreciation of the NAV. That's about one-third of the fund at where it stood on Sep 21.

To: AllansAlias who wrote (19796)	11/7/2001 11:29:41 PM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

Rydex Bullish% Update They got less bullish, as expected. First, the numbers: ____From Sep Lows____ _______100 Day_______ Change Avg High Low \| Avg High Low Overall Bullish% 68.7% -3.7% 65.7% 71.4% 59.0% \| 71.6% 83.7% 57.1% Dynamic Bullish% 54.4% -11.3% 51.5% 61.4% 40.8% \| 57.8% 78.2% 38.9% Money Market ($M) 1245 +7.1% 1383.6 1603 1159 \| 1393 1609 1159 We have a bearish inversion in S&P dynamic funds (Titan=119.5/Tempest=150.9), with the S&P bulls running for cover and the bears piling in. We do not have an inversion in the regular S&P funds, but it's close. We saw some increase in the bearishness of the NDX dynamic funds Velocity/Venture, but we don't have an inversion there. The previous update is the message I am replying to. Just click on the link above for (19796).