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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (8740)10/3/2001 1:12:05 AM
From: J.T.  Read Replies (1) of 19219
 
Rydex Total Assets Update for Tuesday, October 2nd, 2001: 

Regular Series:

SPX Long - NOVA     225.2  Million**BULLISH   
SPX Short- URSA     258.8  Million**BULLISH Inversion
NDX Long - OTC      711.7  Million**BULLISH    
NDX Short- Arktos   106.4  Million**BULLISH  
               
XAU Precious Metals  87.7  Million**BEARISH   
Banking              28.9  Million**BULLISH  
Biotech             267.1  Million**BULLISH     
Money Market        1.481  BILLION**BULLISH Oversold

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

Dynamic Series (200% correlation to Index)

SPX Long - TITAN     96.9  Million   
SPX Short- TEMPEST   87.0  Million**BULLISH 

NDX Long - VELOCITY 125.7  Million**Inversion 
NDX Short- VENTURE  126.5  Million**BULLISH All Time High

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

DOW and SPX have their highest close since the last trading day before the WTC tragedy. DOW closed at DOW 8,950 up +114 and SPX closed at SPX 1,051 up +14. We have finally worked off quintuple oversold levels and now neutral on a 5 day rsi. So still have further upside to run. BKX up a record 7 days in a row and back above death row support BKX 780 to close at BKX 808.23 and the 3rd consecutive close above 780. BKX is now in overbought territory.

Tonight I read GATA hearing of gold manipulation lawsuit is delayed and rescheduled 1 month from October 9th to November 5th.
groups.yahoo.com

Given this news combined with the Bearish sentiment in Rydex XAU TA and bearish sentiment in gold cot #'s by the large commercials, they may pounce on XAU and gold bullion in the coming week or so and find a way to fill that gap once and for all at XAU 53.33 - 53.65. XAU closed at XAU 59.15 up 40 cents and the highest close since Sep 20 (XAU 59.31). Short term double top?

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

Best Regards, J.T.
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