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To: Paul Shread who wrote (41375)	6/9/2002 12:54:02 AM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

Yes, as they have for many, many months. They ceased to be useful for timing at least since the fall. Perhaps I'll get a gift here -- a bounce that sows doubt in the bears and a little confidence in the bulls. I can not see trading unless I get that or my fearful low.

To: Paul Shread who wrote (41375)	6/10/2002 10:05:26 AM
From: reaper	Read Replies (2) \| Respond to of 209892

<<The Titan/Tempest numbers give me pause...>> Has anyone here considered if in a BEAR market, the way we read the Rydex numbers (in the prior bull market) is no longer relevant? For a bull market to be a bull market, more people have to be buying stocks than selling them; i.e. the "crowd" is right. The reverse is true in a bear market. It may in fact be true that more people are bearish than bullish, but the point is that the "crowd" is by, definition, correct. It is only when the crowd gets to extremes that it is wrong (i.e. when the crowd becomes a raving, uncontrolled mob, like say the bleachers at Yankee Stadium <g>) I am pretty sure that Allan has pointed out that Rydex has not been that useful in the last year. I think this is why. Its a BEAR market, and our old indicators honed over years of "buy the dip" won't work in a "sell the rally" market. Cheers