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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: reaper who wrote (61466)	12/12/2002 2:43:57 PM
From: John Madarasz	Respond to of 209892

got it...thxs. well, without exception each higher high in the long term Rydex Bear Asset trend marked some sort of consolidation...and slight, or Major, up in the mkt. i'm working in the context of a couple weeks of choppy sideways to up action, which is still in the context of the secular trend, of course i could be wrong, but this is not the place to be going heavily short...it's at higher levels that i think we'll possibly see in a couple weeks...at least....possibly challenging the recent November highs. And if short sellers are piling in here...which seems to be the case to me, we could be in store for a good sellable rally as they get shaken out to the upside. fwiw i've never looked to this indicator as a holy grail or anything like that, and i'm certainly not out to defend or debunk it, i'm just using it as an example of what might happen over the next couple weeks. all things being equal...things usually end up equal to up at eom... stockcharts.com stockcharts.com Thxs agn for the thoughts.