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To: Henry J Costanzo who wrote (123134)8/19/2005 9:27:52 PM
From: Moominoid  Read Replies (1) | Respond to of 209892
 
Seems over time from looking at the Rydex chart that those guys are learning. Throughout the 2002-5 period they are much more bearish than in 2000-2002. So I see that relationship changing.



To: Henry J Costanzo who wrote (123134)8/20/2005 3:50:58 PM
From: Shack  Read Replies (3) | Respond to of 209892
 
Well this thread's sentiment is certainly split that's for sure. Nobody has given me a convincing argument that we are putting in a top here so I remain onside with the larger trend, this is really the only prudent play for me as I don't bet on a 4 year old trend suddenly turning especially with some of my sentiment readings near bearish extremes. As cocky as I am I'm not arrogant enough to think I can nail such turns. One day buying these corrections will not work and I'll likely know things are changing.

BTW, anyone notice IBM trying to pop out of a month long correction to the upside?