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Maybe this site will give you better idea to get long or not at this time and
place....
http://www.decisionpoint.com/DailyCharts/CurrentRydexRatio.html
charles meyer wrote:
> Kent:
>
> I'm not making any prognostications or predictions because any-
> one can see the market does look very weak. However, there
> were some guys over on the Imap site who compiled a mock
> indicator on this and conducted some backtesting. The result,
> percentagewise, was that it is often also a good contrary
> opinion indicator.
>
> Charles
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