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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (7063)3/8/2001 3:09:21 AM
From: J.T.  Read Replies (4) of 19219
 
Rydex Total Assets Update for Wednesday, March 7th 2001 

Regular Series:

SPX Long - NOVA     376.3  Million
SPX Short- URSA     225.9  Million

NDX Long - OTC      1,498  BILLION
NDX Short- Arktos   72.4   Million         

XAU Precious Metals 51.5   Million 
Banking             49.1   Million**near 4 month low 
Biotechnology       404.1  Million
Money Market        1,274  BILLION

*******************************************
Dynamic Series (200% correlation)

SPX Long - TITAN   100.9  Million
SPX Short- TEMPEST  24.5  Million 

NDX Long - VELOCITY 150.9 Million
NDX Short- VENTURE  31.5  Million

*********************************************

After making over 12.5% selling Rydex Precious Metals on Feb 26th from two separate buy entries in early January, I gave back 5% selling Rydex Long OTC but have made 1.5% profit selling Dynamic SPX Long TITAN Fund.

Tomorrow is a swing day lets see how market responds to YHOO and CREE neg news...

BKX finally broke BKX 902 resistance to close at BKX 906.48 up 26 up 3%. To top it off BKX TA barely budged at all and this is BULLISH. BKX 920 intraday test would seem to be in the cards but let see if they hold it and lock in further gains or turn back down. BKX alone carries the day for SPX gains. SPX closed up 8 to SPX 1,261.89.

SPX Long TITAN has quietly climbed back up above 100 mil in TA. Bullish worm is picking up in the street. First three day gain since mid January.

XAU heat is picking up. This dog won't die when gold bullion pulled back 9 bucks over the past week and XAU trades in a narrow range b/w 52.35 and 53.94 closing prices. Now with lead sled dog all gold index JSE breaking out I expect XAU to follow thru... JSE closed at JSE 1,044.80 its highest close since Feb 27th when JSE closed at JSE 1,094.80. Above that you have to go back 1 year to March 29th when JSE closed at JSE 1126.90. JSE has now had 3 consecutive closes above 1,000 - the first time since last september. We are at the point of no return for gold stocks, XAU and gold... break-out city... We now move into crunch time with the hearing set for next Friday for GATA lawsuit of gold manipulation. If judge decides the case has merit then the case goes to trial for future trial date... If this happens we got the new moon right behind on march 25th... fireworks could get set off big... If the case has no merit and judge throws it out it is not out of question gold breaks 255 support on its way to potentially below 200 an ounce... On the upside if gold breaks thru 269 an ounce this XAU rocket is going to da moon to my coveted XAU 63 with gold spot price to $288- $290. Gold closed at 261.70 up $1.50. XAU TA have held steady of late. BULLISH.

XAU closed at XAU 53.49 up 64 cents up 1.2% and 4 cents lower when I exited on the 26th.

I have joined the dark side for a trade in double your pleasure dynamic series. <g>

Regular Series: 100% Long XAU Precious Metals
Dynamic Series: 100% Short SPX TEMPEST
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