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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (8544)9/21/2001 12:41:50 AM
From: J.T.  Read Replies (3) of 19219
 
Rydex Total Assets Update for Thursday, September 20th, 2001: (REVISED TO CORRECT DATE)

Regular Series:

SPX Long - NOVA     168.1  Million**BULLISH New 4 + year low  
SPX Short- URSA     281.5  Million**BULLISH Inversion
NDX Long - OTC      714.8  Million**BULLISH -  Near 3 Yr LOW   
NDX Short- Arktos   108.5  Million**BULLISH  
               
XAU Precious Metals 91.2   Million**BEARISH New 1.5 Year High   
Banking             17.7   Million**BULLISH - New 1 year low
Biotech             245.9  Million**BULLISH - New 2 year low   
Money Market        1.606  BILLION**BULLISH Double Oversold

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

Dynamic Series (200% correlation to Index)

SPX Long - TITAN    37.1   Million**BULLISH - New 1 year Low  
SPX Short- TEMPEST 103.0   Million**BULLISH - Inversion

NDX Long - VELOCITY 109.8  Million 
NDX Short- VENTURE  109.3  Million**BULLISH - All Time High

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

The near term bottom is in. We WILL bounce higher tomorrow. Whether it is THE bottom is very debatable especially if another shoe drops with impending hearing of GATA (gold) lawsuit on October 9th.

DOW and BKX approaching quintuple oversold levels. SPX, COMP and SOX below quadruple oversold levels. NDX and DOT below triple oversold levels. Only the IIX is above triple oversold levels.

XAU is above double overbought levels but certainly could go higher given it is the only place to hide in the carnage.

The profit from my gold stock trades I utilized proceeds for my tech trades purchases to scalp a quick return into the end of the month.

Scalping equity trades was easy for me in the first two legs down of the Bear, and I continue to scalp gold stock trades very successfully. But I get a D+ in all tech stock trades since I have been down in all techs since late in the first quarter except for WAVC - and I am down in that now after milking this cow at a 100% success rate.

I get a B in Rydex trading thru the end of May and an F since June 1st. The only thing I did right was selling my house at the top of the housing market. Now I see 2-3 new listings going up for sale everyday in my neck of the woods. And they said Santa is comin' to town in a few months? Maybe it is da grinch with bear clothing. <g>

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

Best Regards, J.T.
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