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

To: bcrafty who wrote (94461)	4/7/2004 2:31:36 PM
From: skinowski	Respond to of 209892

Hi, bc... It was not Allan - I believe I was the one who argued that many Rydex traders follow signals from various smart services. As I recall, Allan said that he didn't care why they made their moves, only about the fact that they did make them. I think Allan was right, but nevertheless I tend not to rate this particular indicator too highly. Why should I? There are plenty others.

To: bcrafty who wrote (94461)	4/7/2004 4:55:23 PM
From: Shack	Respond to of 209892

I don't think they are either smart or dumb money. I find the numbers run in the direction of the trend and can get progressively more bearish or bullish depending on which way the market is trending and as such can be useless. However when I see a strong trend and the Rydex crowd suddenly bets against it, I view it as doubting the trend and supports the idea that it will continue IMO. That's what happened recently in the March decline, too bearish too quick. I don't use it as a timing tool. It was just support that we weren't likely pointing down in the larger time frames.