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

To: Vijay Raghavan who wrote (30598)	2/17/2002 12:26:41 PM
From: deathandtaxes	Read Replies (2) \| Respond to of 99280

Seems to be a good contrarian indicator. I believe many on this thread do not give it much weight due to the funds being so young. J.T. is a widely followed player with them. Message 17070152

To: Vijay Raghavan who wrote (30598)	2/17/2002 12:43:07 PM
From: LTK007	Read Replies (1) \| Respond to of 99280

vijay compare your chart--from the MITA discipline and compare with schaeffers volatility charts schaeffersresearch.com schaeffersresearch.com and we are right at the heart of a major contradiction. The market is sending two very different signals. Both J.T. and Bernie Schaeffer see a major market move to be near.J.T. feels ,and indicated by your chart , that the move will a very strong up move.However Schaeffer feels it will most likely be a strong down move. I myself am making this deduction,with the Rydex at extreme overshorted levels and VIX signaling complacency. The shorts gathering are going to be right. We are going to have a major down move. But with the short position so high,the covering rally will be huge over a several days once bottom is hit.Max

To: Vijay Raghavan who wrote (30598)	2/17/2002 12:43:40 PM
From: Steve Lee	Respond to of 99280

The chart only shows ratios, not the absolute figures. Looking at the absolute figures, the total funds in the Arktos fund, although higher than normal, have been higher in the past. It's just that the funds committed to OTC have been much much much higher. It seems the picture is being skewed because longs are abandoning OTC. Maybe QQQ is perceived to be a better vehicle? IMO it shoould give bears reason for caution, but not as much as a first glance at the chart might lead you to think.