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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Syd Deem who wrote (13157)	1/15/1998 11:07:00 PM
From: Otimer	Read Replies (1) \| Respond to of 18056

Is BEARX a fund that is short? Korea was up 26 pts earlier but now is down 12 pts-anyone know what's going on?

To: Syd Deem who wrote (13157)	1/16/1998 12:51:00 AM
From: Bonnie Bear	Read Replies (2) \| Respond to of 18056

Syd: Here's a great way to trade BEARX. The best inverse I've found to BEARX is the Investor's Business Daily Mutual Fund Index on page B1 every day. Maybe we can post info if you don't subscribe (I have the luxury of having it on my Sunnyvale CA driveway at 5:00 AM every day). Since october 10 the peaks of the index were on the 50 day moving average and the troughs were about 6% below. Jan 9-10 crossed below the 200 day moving average for the first time since mar-april. We should be right on the 200d moving average today, with no more than 2% left upwards to the upper limit of the channel (50 day moving average). If you've been trading it do be aware that you need to bias the BEARX chart up 3% after dec 30 for the 3% distribution. Note that at the bottom of the April selloff the IBD mutual fund index was only 6% below the 50 day moving average, it suggests that 6% is the point to collect profits on this puppy.