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To: Abner Hosmer who wrote (79564)	8/22/2003 1:34:15 AM
From: At_The_Ask	Respond to of 209892

don't know about the blue squigly thing, I didn't get it either. It says "raw wca no's" whatever that is. Here is that Iossif piece I posted to mish earlier. The mclellan thing is pretty interesting. calls for a spike and then a melt if it plays out the same way as 98. It also has the dpoint rydex ratio chart in it. Seems more or less the same to me, we are at an extreme low bull % no matter how you slice it. Quote on the rydex chart: I.I. The second example is of an indicator with a very bullish message. The much talked about "RYDEX ratios." The chart below is courtesy of my good friend Carl Swenlin, at www.decisionpoint.com. It shows the SP versus the URSA/NOVA fund ratio. The chart doesn't lie, the ratio is at the same level that in the past two years has marked major bottoms, and the start of 20% plus rallies. If one looked at this indicator only, would have a very good reason to be a raging bull! Moreover, anyone who is bearish/short, looking at this chart ought to be really scared! traders-talk.com