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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (8377)8/21/2001 12:41:33 AM
From: J.T.  Read Replies (1) of 19219
 
Total Assets Update for Monday, August 20th 2001:

Regular Series:

SPX Long - NOVA     263.9  Million**BULLISH  
SPX Short- URSA     224.6  Million
NDX Long - OTC      1.004  BILLION**BULLISH 
NDX Short- Arktos   83.5   Million**BULLISH- Highest close since 5/17  
               
XAU Precious Metals 68.9   Million**BEARISH    
Banking             78.3   Million
Biotech             306.8  Million**BULLISH   
Money Market        1.326  BILLION

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

Dynamic Series (200% correlation to Index)

SPX Long - TITAN    90.6   Million**BULLISH 
SPX Short- TEMPEST  66.7   Million

NDX Long - VELOCITY 150.8  Million 
NDX Short- VENTURE  67.9   Million

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

Last time NDX Long OTC was above 80 mil TA NDX was setting up for rally from NDX 1796 to 2052 (May 15- 21). Early April we were flirting with these same levels when NDX was up off the lows from NDX 1370 on 4/4 on a run to NDX 1953 on 4/19. We closed today at NDX 1536 and I believe we have a good bounce that will take us to NDX 1,750 intraday high minimum in this next continuation counter-trend reversal.

XAU Precious Metals pullbacks have been bought of late. I believe we need to work off the Bearish sentiment in a flag formation before the next launch. A minimum pullback into this XAU 54.70 area would be healthy. XAU closed at XAU 57.11 down 45 cents.

SPX closed up nearly 10 to SPX 1171. A move to SPX 1,208 is on the docket with a second consecutive back to back close above this level will take us to major overhead supply SPX 1,220 - 1,237 range that needs to get worked off. A jackhammer will need to chisel thru this brick wall several times before we blow thru to the otherside once and for all.

Regular Series: 100% Long NDX OTC
Dynamic Series: 100% Long SPX TITAN

Best Regards, J.T.
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