MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: J.T. who wrote (7326)	3/20/2001 10:36:48 AM
From: J.T.	Read Replies (2) of 19219

Rydex Total Assets Update for Monday, March 19th Regular Series: SPX Long - NOVA 269.0 Millionnear new 52 week low SPX Short- URSA 238.7 Million NDX Long - OTC 1,239 BILLIONnear new 52 week low NDX Short- Arktos 79.4 Million XAU Precious Metals 25.7 Millionnear 52 week low Banking 38.7 Millionnear 5 month low Biotechnology 309.9 Millionnew 52 week low Money Market 1,481 BILLIONoversold ***************************************** Dynamic Series (200% correlation) SPX Long - TITAN 70.5 Million SPX Short- TEMPEST 45.4 Million NDX Long - VELOCITY 113.1 Million NDX Short- VENTURE 38.9 Million ******************************************* These numbers are cleanest data from trading and different from numbers posted via rydex number last night. The biggest critical difference from this data is XAU Precious Metals TA portrays the small speculator selling into the first rally on XAU after the hard fibo 78.6% pullback.. This is EXTREMELY BULLISH as gold investors have been burned so many times trying to hold on and go for the home run looking for the clear break-out in XAU once and for all rather than hitting singles and doubles and taking profits before they erode into potential losses. SPX Long/Short TA still permeates fear and this is BULLISH. The fact that yesterday and thru this morning the market is not bouncing hard anticipating the cut in advance and selling on the news (we will soon find out) dictates prices can and will move higher in this bounce. Bill Gross, the largest mutual fund bond manager in the world at PIMCO has given the green light to Greenspan we need 75 basis point cut now and in May at next FOMC meeting. When Wayne Angell was playing prognosticator predicting fed would cut 60% then 80% then not cut games it was Bill Gross who unequivocably who stated to A.G. - DON'T YOU DARE CUT NOW... It would show capitulation on part of AG and he would have lost all credibility... Now the door is open... 50 basis point cut with aggressive wording on ease stance that fed stands ready and vigilant to cut further or 75 basis point cut with watchful eye going forward.. Since A>G> is already behind the curve and this shows in collapsing consumer confidence I believe he will cut 75 basis points ... and the market will rally hard... Still.. Regular Series- Long 100% XAU Precious Metals Dynamic Series- Long 100% SPX TITAN Best Regards, J.T.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next