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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (8882)10/11/2001 12:19:53 AM
From: J.T.  Read Replies (3) of 19219
 
Rydex Total Assets Update for Wednesday, October 10th, 2001: 

Regular Series:

SPX Long - NOVA     267.0  Million**BULLISH   
SPX Short- URSA     258.6  Million**BULLISH 
NDX Long - OTC      798.0  Million**BULLISH    
NDX Short- Arktos    96.9  Million**BULLISH  
               
XAU Precious Metals  62.6  Million**BULLISH   
Banking              36.8  Million**BULLISH  
Biotech             280.9  Million     
Money Market        1.336  BILLION**Lowest Close in over 1 Month

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

Dynamic Series (200% correlation to Index)

SPX Long - TITAN    127.9  Million**Huge Spike in TA   
SPX Short- TEMPEST  115.2  Million**BULLISH  

NDX Long - VELOCITY 137.3  Million 
NDX Short- VENTURE   96.6  Million**BULLISH

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

XAU gets minimum partial gap fill to close at the low XAU 53.60, down another $1.66 for -3% for the day. XAU 5 day rsi is closing in on double oversold levels not seen in some time. This combined with Rydex Precious Metals TA finally below 70 Mil confirms all systems go as I made the switch into Precious Metals before the bell. This does not in itself mean that XAU can not go lower tomorrow. In fact there is an outside chance that we may completely fill the 53.33 - 53.65 gap and go partially fill the lower gap 51.87 - 52.02. However, I am not going to wait around for this to materialize because it will reverse hard and fast from lower levels anyway.

Todays action was much stronger than I anticipated and bit the bullet again waiting 1 day too late to take profit that turned into a loss in arktos in order to get into precious metals fund. New moon next week on October 16th.

Bulls should take notice MM TA levels shrunk 200 million over night is bad omen near term.

Regular Series: 100% Long XAU Precious Metals
Dynamic Series: 100% Long SPX TITAN

Best Regards, J.T.
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