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To: AllansAlias who wrote (52478)	9/4/2002 8:50:36 AM
From: bcrafty	Read Replies (1) \| Respond to of 209892

Several weeks back I believe I recall you saying that you felt the Rydex traders currently appeared to be the "smart money." Do you still think so or is it now a contrarian indicator? If they're not the smart money anymore, when do you feel the change occurred?

To: AllansAlias who wrote (52478)	9/4/2002 9:38:14 AM
From: Shack	Respond to of 209892

Yes, I think Softie has seen its highs for this move and the banks look hosed s-t too. I have seen the DOW and the financials diverge before though. And because the DOW is price weighted, MMM is as important to the DOW as the financials. And like GE, its another one that looks like it has another launch coming. But I hear you on the breakdowns, hard to go long in the face of those.