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

To: yard_man who wrote (15467)	12/10/2002 4:15:35 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

9/25 High XAU Rydex TA

To: yard_man who wrote (15467)	12/10/2002 4:20:56 PM
From: ild	Read Replies (1) \| Respond to of 19219

tippet, the crowd is wrong at inflection points and right in the middle of the move. So far in Rydex numbers I just see a continuation of a bear market in equities (and bull market in gold stocks). People has been selling equity mutual funds since July, so the sentiment towards equities has changed. What caused this change IMO is when indices went lower than 9/11 lows. Stocks are no longer cool. Many friends of mine haven't sold all their dogs only because $3000 loss a year is allowed. They are using darts to pick a stock for tax loss selling. Stocks are expensive and there are no buyers. End of story. EDIT: there is a last (huge) wave of cash out refi running. Once it's gone -- the bottom will fall out.