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 : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: whydididothat who wrote (9942)1/30/2002 1:56:08 AM
From: J.T.  Respond to of 19219
 
Before today, I didn't feel like I was fighting the tape. Rydex numbers were Bearish enough to support my position. The market appeared as if it was basebuilding and was ready to go higher after this expected brief cycle low. Unfortunately, I got caught on the wrong side in the vortex that Ross Perot calls... a giant sucking sound... and the market went down much further and faster than I was anticipating.

Rydex numbers not very comforting for me tonight, but this too shall pass and we will get our countertrend bounce.

I lived thru much worse in the week of September 17 - 21 2001...

And still made money in Rydex for the year.

Best Regards, J.T.

B



To: whydididothat who wrote (9942)1/30/2002 3:54:37 PM
From: J.T.  Read Replies (1) | Respond to of 19219
 
Rydex numbers have plenty of room to go before damage is done. Why fight the tape?

This is why I avoid futures and trade rydex mutual funds. Had I gone 'short' before the bell I obviously would have been whipsawed twice.

One day never makes a market.

What is your prognosis for the market over the next few days and weeks? Would love to hear a different perspective.

Best Regards, J.T.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News