Tuesday, July 24, 2007 9:38:19 PM
Here is an annotated chart of Rydex sentiment that I made for this board. It shows that the small investor is getting dangerous by becoming stubbornly bullish. It is that persistent bullish stubbornness which leads to bear markets.
It appears that back in March, the small investor did not get very bearish so they are again being "mentally conditioned" to stay in the market.
It appears that back in March, the small investor did not get very bearish so they are again being "mentally conditioned" to stay in the market.
Jan 4 - We have transitioned into a bear market. Completely different rules apply.
May 23 - IMO, any price at/above this close makes a great Nasdaq/SP500 short.
