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To: AllansAlias who wrote (20545)11/14/2001 7:28:07 AM
From: AllansAlias  Read Replies (4) | Respond to of 209892
 
Rydex Bullish% Update

The Rydex bullish%'s look like they are finally going to break through their triple top -- we highlighted a bullish divergence last week where we noted 3 previous bullish% highs at the same level while the market has been grinding higher. They are now pushing through that level. Some follow-through in the market and we should see a top that will beg to be shorted.

                            Change
Overall Bullish% 73.9% +4.6%
Dynamic Bullish% 64.5% +8.3%
Money Market ($M) 1193 -3.3%

____From Sep Lows____ _______100 Day_______
Avg High Low | Avg High Low
Overall Bullish% 66.2% 73.9% 59.0% | 71.4% 83.7% 57.1%
Dynamic Bullish% 52.3% 64.5% 40.8% | 57.6% 78.2% 38.9%
Money Market ($M) 1371.1 1603 1159 | 1387 1609 1159


Velocity (2x long NDX) hit a new high for the Sep move and the Money Market fund hit a new low. OTC is at the highest level since late August, but still below its 100 day average.

The three previous highs mentioned above for the Sep rally were:

70.7% Oct 16
71.2% Oct 25
71.4% Nov 6

(See the message I am replying to for Friday's update.)