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To: Galirayo who wrote (115947)4/3/2005 4:45:27 PM
From: nspolar  Respond to of 209892
 
I watch a fair amount of Rydex data, mainly the PM fund. DPoint has instituted some positive changes to the way they display the data, over the last year, but it is still difficult to draw precise conclusions.

With these new methods what one looks for is some divergence. I have not seen any in the SPX/bull funds for example. Over the last few months however there were divergences in the bond data, and bonds peaked and dropped as would have been predicted. I had some 401K bonds that I got out of a little early, because of this. No regret. I tend to think a LT top in bonds has been made. This could be quite important as we move forward. Bonds however may not drop as fast and furious as one might expect.

Nasty looks set to launch from here and I am still on the long running flat count. SPX looks positive to me as well, and I think this correction since first of year has been a 4 for this wave.

Those are my current views and this week should add some more key data. Either these corrections are done or very near done, or if one is bear we are only due for a bounce.