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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Killswitch who wrote (12951)	6/22/2002 2:05:03 AM
From: Killswitch	Read Replies (1) \| Respond to of 19219

Even though the NDX is roughly at the 9/11 levels, the Rydex asset levels for it are far more extreme now than then. The long fund is lower, the bear fund is about 50% higher, and the ratio between the two has grown to almost double what it was back then. This is quite real evidence that the longs have continued capitulating and the shorts are getting very thick. I really do wonder how far up this is going to explode when it turns.