Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Lizzie Tudor who wrote (15521)	12/11/2002 3:32:24 PM
From: marginmike	Read Replies (1) \| Respond to of 19219

I think traders have started using Rydex as trading tool, and less J6pac types. IE its now smarter money

To: Lizzie Tudor who wrote (15521)	12/12/2002 10:26:24 PM
From: mishedlo	Respond to of 19219

but Rydex has not been completely wrong since the summer. Lizzie Rydex per say had nothing to do with it. As 200% short rose dramatically the 200% long fell thru the floor. This did not reverse becasue money was pouring into rydex short, it revrsed because sentiment measured OUTSIDE of rydex changed to extreme. I would suggest too many puts got too far ITM. Had people been loading up with calls all the way down, reversal would not have veen nearly as strong as unwinding of puts coupled with inflows from pension rebalancing etc. RYDEX did not call anything that BPNDX or BPOEX or the like did not call better. I see no real case for RYDEX being of any use. M