SI
SI
discoversearch

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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?


To: Shack who wrote (28294)1/15/2002 7:59:40 PM
From: NOW  Read Replies (1) | Respond to of 209892
 
how much leeway you going to give it?



To: Shack who wrote (28294)1/15/2002 9:28:47 PM
From: John Madarasz  Respond to of 209892
 

There is a very important uptrendline on the COMP/NDX off Nov 21 sitting at 1970 and 1582(!!) respectively.


I hope we haven't created a monster here<g>

...This from con text site...

To: ALL
Date Posted: January 15, 2002 at 08:35:22
Subject: Rydex ratios

--------------------------------------------------------------------------------

The Rydex Tempest Fund assets (200% short S&P) hit an all-time high yesterday (albeit just barely). The last time a record high was achieved was on 10/18/01, and the S&P responded by rallying 35 points on a closing basis over the next 6 trading days before retracing back to the 10/31 closing low. On 10/18, the Titan/Tempest asset ratio was at 0.4% of its historical range. (You can guess when 0.0% was established.) As of yesterday's close, that ratio is at 2.0% of its historical range - not quite as low, but still way down there. I would be surprised if we got the exact same response this time, but it would as least seem to support the case for the area of yesterday's lows holding for the short term.


I wonder if this is O/E hedging?



To: Shack who wrote (28294)1/16/2002 6:28:39 AM
From: AllansAlias  Respond to of 209892
 
The Rydex figures last night show an significant increase in bull fund assets yesterday and a slight decrease in bear fund assets. The market was unchanged, so are the Rydex traders seeing a bounce? As someone who has been waiting for a bounce, this sharp blip in Rydex bullishness makes me a little nervous.