MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: bobby beara who wrote (6726)	2/23/2001 12:12:35 PM
From: J.T.	Read Replies (1) of 19219

bobby, rydex leveraged otc? OTC total assets hit a new 52 week low yesterday. Do you mean NDX VELOCITY? Don't quite understand what your asking here. Money market levels are near 1.6 Billion and this is double oversold. If the market holds these levels on the downside, there is no question money market levels will spike above 1.6 BILLION. You are correct in 98' coming outta da low it was 3/1 bear over bull fund. We may in fact ivert after the bell tonight. As you know, I have avoided the long side in rydex funds except for maybe 1-2 days all of 2,001 and most of the time since NDX 3,580 break that I called. i have successfully scalped LONG indiviudual issues all the way down. This time my scalping was premature. I have always been early trying to find/call a bottom... I won't cry uncle until this market is closed today and the closing numbers are in the books. Sure looks bleak now... but the day ain't over yet... XAU I have stood firm in the face of death. Gold stock/XAU is rockin. Got gold stocks? Best Regards, J.T.

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