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To: AllansAlias who wrote (20283)	11/8/2001 11:44:27 PM
From: The Freep	Read Replies (4) \| Respond to of 209892

Two questions for the experts: If today's top marked a top of significance, then that implies that we're starting our B down (calling this an ABC starting after Sept 21.). But Allan, you're thinking this upmove has one more leg left in it, I know. Umm. . . why? Or more to the point, what will determine the truth of that scenario. Seems to me that there's a few likely points where the market behavior will tell us -- 1793 Naz or the top or bottom of that last gap, if we get that far. The second question follows the first, but is more short term oriented. From the top today, what pattern have we formed? I can sorta see this as a 5 wave move, with us now perhaps starting the 4 of 5 up. Or is this whole move down just an A of an ABC? See. . . this is what I was saying when I said "I still need to learn." You guys have really been calling the market well in the shorter time frames, but I must say that I'm trying to figure out if this is the start of a bigger down (as in, buy some December puts on the Dow, perhaps), or just a blip. I know we're all trying to figure that. . . but I'm trying to take a step away from the wiggles, too, to see that bigger pictue. So far, I'm failing <g> Clarity, they name isn't Freep.

To: AllansAlias who wrote (20283)	11/10/2001 7:51:34 AM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

Rydex Bullish% Update No change really. Like the market, not much change for two days now. Here are the numbers, then a few thoughts follow on the action since the Sep lows: Change Overall Bullish% 68.8% -.0% Dynamic Bullish% 54.6% -1.6% Money Market ($M) 1337 +2.1% ____From Sep Lows____ _______100 Day_______ Avg High Low \| Avg High Low Overall Bullish% 65.9% 71.4% 59.0% \| 71.4% 83.7% 57.1% Dynamic Bullish% 51.7% 61.4% 40.8% \| 57.6% 78.2% 38.9% Money Market ($M) 1380.1 1603 1159 \| 1391 1609 1159 Rydex bullish% figures have hit 3 peaks in the move off the Sep lows. Here are the peak values alongside the close for the NASDAQ Composite, historically a better correlation to Rydex. Note the bullish divergence. Overall NASDAQ Bullish% Composite Oct 16 70.7% 1722 Oct 25 71.2% 1775 Nov 6 71.4% 1835 This reinforces for me the strategy we've been talking about since Thursday evening: the down expected Monday and/or Tuesday will be a good place to cover. I want to print a decent new high in sentiment before going short for more than a couple of days. _________________ For specific fund information, see JT's Rydex update on his thread: Subject 28666 See the message I am replying to for last night's update.