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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (45430)	7/12/2002 2:08:01 AM
From: Shack	Respond to of 209892

Took a look at Rydex and compared the tech asset levels (dynamic+regular series) to those of July 1 which had an identical NDX close of 998. As you can see, there is more money in the bull funds and less in bear funds creating a bearish divergence of note. And I also looked at the SPX funds and while the SPX is down about 4.5% from July 1, the SPX assets are pretty much the same, very marginally more bearish. Another bearish divergence. NDX SPX Bull Bear NDX Bull Bear SPX July 11 681mm 329mm 998 243mm 523mm 927 July 1 644mm 369mm 998 246mm 518mm 969 Message: Unbelievably, continue to sell strength