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: ild who wrote (15530)	12/11/2002 10:47:23 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 19219

So how would you use this indicator? IMO the fact that Rydex is no longer dumb money makes Rydex numbers useless unless the reading is extreme (but then it can become even more extreme). I would just look for large pile-ons into the short funds from one week to the next. I don't have any other daily reading of how much shorting is going on. I will ignore the long funds, and historical extreme levels and instead look at short term trends. I have to do this anyway, because I don't have the rydex historical levels handy. Unless JT writes multi year low or something, I am just comparing to what was here last week. Afaik, rydex worked in the past, even in the bear mkt up until 2002. Is that correct, anyone? I believe rydex was accurate wrt the post-sept 11 rally. It was only this year it didn't work... and even then only the first part of the year. It seems to be working now. I actually don't think much worked in spring/summer 2002 unless you were perma-short. Lizzie