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


To: russwinter who wrote (14138)8/9/2002 11:17:29 AM
From: J.T.  Read Replies (2) | Respond to of 19219
 
Brian Atkins pointed out quite accurately last night the short funds barely depleted AGAIN.

This is extremely Bullish.

NDX Short Funds TA shrank a mere 5 + Million on another UP day. Extremely Bullish.

Also, Double your pleasure NDX Short Venture has been staying above 200 Mill TA. Extremely Bullish.

In the past few weeks Venture has been a thorn in Bulls side.

All in all, this rally has more legs going into the supposed August 14 date guillotine.

Best Regards, J.T.



To: russwinter who wrote (14138)8/9/2002 12:50:06 PM
From: Steve Lee  Read Replies (2) | Respond to of 19219
 
I don't agree that rydex is showing bearishness.

Last time the rydex nova/ursa ratio was this high (indicating rampant bullishness) was July 31. S&P 500 declined nearly 10% immediately from that sell signal.