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

To: J.T. who wrote (17950)	9/25/2003 4:22:55 PM
From: yard_man	Read Replies (1) \| Respond to of 19219

good pt to switch, IMO.

To: J.T. who wrote (17950)	9/26/2003 10:12:27 AM
From: t2	Read Replies (1) \| Respond to of 19219

Saw a big drop in the Rydex Nova/Ursa ratio yesterday; the biggest one day jump I have seen in many weeks. It seems a lot of people got bearish yesterday..maybe too many for much significant downside from here. Nova/Ursa was by far the most reliable indicator I had seen in the past few weeks (often did not trade with it, unfortunately). Lets see if it continues to be reliable...market resuming higher within a day or so. The ratio has moved with about the 0.13 to 0.26 range over the past few weeks. schaeffersresearch.com

To: J.T. who wrote (17950)	10/2/2003 9:04:07 AM
From: J.T.	Respond to of 19219

We may have in fact seen the "October lows" as an intraday low on October 1st - SPX 995 with the closing low on September 30th SPX 995 (intraday low SPX 990). We tested SPX 990 - 995 area four straight days and held. This trade has now changed for me from a counter-trend short term trade to a potential intermediate term trend trade that may last well into the latter part of October or as late as into November. I am heading out to Happy Valley to visit Hightecheast where the Badgers will spank Paterno and his spiraling Nittany Lions this Saturday. See you soon Ken.