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To: Shack who wrote (94448)	4/7/2004 12:39:29 AM
From: mishedlo	Respond to of 209892

I think rydex is useless. Too small a volume to matter.

To: Shack who wrote (94448)	4/7/2004 7:40:06 AM
From: Jack of All Trades	Read Replies (1) \| Respond to of 209892

Have you noticed Les' Naz trin numbers have stayed in the oversold area for alot of this upward move? It hasn't been below 1 since mid Feb on the 5 day... Feels like we could get a squeeze... Message 19995863

To: Shack who wrote (94448)	4/7/2004 10:40:58 AM
From: bcrafty	Read Replies (2) \| Respond to of 209892

Shack, about the stubbornly bearish Rydex crowd Although the Rydex numbers have been cited on this board as a contrarian indicator like a sentiment gauge, I remember about a year ago or so you and Allan had an exchange where he said he was considering them to be the "smart money" instead. So what gives here - are they sometimes a crowd to be faded and sometimes not? And, if so, how does one know when they are one or the other? These aren't rhetorical questions - I was interested in how you personally use Rydex numbers as a sentiment gauge. Either way, I prefer VXO as my primary sentiment indicator and the 21 day sma equity only P/C, both of which might be ready to take a turn that would indicate ST bearishness on equities.