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

To: t2 who wrote (18023)	10/20/2003 3:48:13 PM
From: J.T.	Respond to of 19219

Bullish sentiment is as high as I've seen it in awhile. Rydex numbers pulled back on Friday, but I wouldn't be surprised if they bite Bullish on this minor rally today and take it right back to the top of its recent range. Short term Bearish. However, Rydex sentiment numbers still have intermediate trend higher after one last pullback. On balance, most of these sentiment indicators have been rendered absolutely uselsss in the last 6 months on this monster leg up- especially the Investors Intelligence numbers. II used to walk on water, but in this new bull since the March lows, it has failed investors and traders horrendously.