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To: bcrafty who wrote (31405)2/16/2002 5:40:57 PM
From: At_The_Ask  Respond to of 209892
 
Absolutely, Rydex has been "bullish" for many weeks now and yet we have dropped precipitously the whole time. The opposite has proven true for the "overbought" precious metals funds.

Sentiment can remain at extremes for long periods of time while the market moves right along with it, rather than turning against it. Sooner or later the majority will be wrong, but knowing precisely when is the problem.