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


To: exp who wrote (30521)2/16/2002 10:56:31 AM
From: Shack  Respond to of 99280
 
Good points. Rydex behaves like an oscillator and can remain oversold/overbought for weeks. It is best suited for range trading and I have seen JT do very well in those environments. I agree with JT that Rydex is saying that we are at least building towards a decent bottom but I don't think it is here yet.

Also it is his ONLY trading tool apparently. We had some pretty important breakout failures on Friday which from a TA standpoint are extremly bearish short-term.