Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: whydididothat who wrote (9751)	1/14/2002 9:38:45 PM
From: bobby beara	Read Replies (1) \| Respond to of 19219

Conclusion: the direction of this ratio is more important than the absolute numbers ie: as long as ursa/nova is dropping the bears should move aside. When it starts rising (as it is now) the bulls should stand aside. I apologize if this is overly simplistic<<< No, not simplistic at all, contrary opinion is an art, not a science, and contrary opinion on st, it, lt levels have to be adjusted, just like support and resistance levels. The real hard understanding now, is the rydex ratios which are full of bears vs. the AAII survey and the II survey, which are both showing extreme bullish readings, and the vix which is showing complacency. Larry McMillan did a weekly which i condensed down to two words consolidating, no consensus, which implies that after the consolidation ends that people will find a consensus, breaks of important support or resistance should be taken seriously imo.

To: whydididothat who wrote (9751)	1/14/2002 11:43:10 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

Simple Nova/Ursa ratio is much less significant today than it used to be when the leveraged funds weren't around. If you are into ratios do Nova + TITAN / Ursa + TEMPEST. Anything greater than 2.5 to 1 is extreme these days and you should go the opposite way. Now you got the SPX Short Funds greater than 1 to 1 ratio combined with MM above oversold this after a monster move off September 21 bottom. AAII is a laggin indicator of about 3 to 5 days and will not really ratchet up until next week. Best Regards, J.T.