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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Murray Grummitt who wrote (5026)	11/12/2001 11:48:30 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 99280

Murray, that is not what I am saying, the total "conclusion" (typically summarized as the position on XAU and SPX at the bottom of the summary, which I always read as the "conclusion of the total position) has not been too good at turning points. Read #reply-15599978 for April 2nd this year, just before the blow up, they were short the SPX long XAU. And then read (I took one at random post the May 22nd top) #reply-15975256 (June 20 or so, a month after the top.) They are long the SPX. That indicates to me that those using the BEARX funds are quite sophisticated and betting against them may be dangerous. Zeev