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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (9121)10/23/2001 2:55:48 PM
From: J.T.  Read Replies (1) of 19219
 
Rydex. Dynamic and Regular series, switch 100% from Money Market to Long SPX TITAN and Long SPX NOVA before tonights close.

I may be one day early on this as the pullback may or may not carryover into tomorrow.

But the important recognition here is that the next blast will be a hard blast UP and blow thru prior resistance at SPX 1,100 levels to SPX 1,120 - 1,140 before I take profits off the table. And, most likely, it is the first day of the leg up of this rally which will be the most explosive and it is important to be positioned LONG to capture this front end loaded launch.

Now all we need is for da market to slide on down lower in da last hour of trading to get dat sinking feeling of doubt creepin' in and of course get a better closing entry price in Rydex for tomorrow.

I am out and on the fly until after market close.

Best Regards, J.T.
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