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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (9149)10/25/2001 12:10:10 AM
From: J.T.  Read Replies (2) of 19219
 
Rydex Total Assets Update for Wednesday, October 24th 2001: 

Regular Series:

SPX Long - NOVA     246.6  Million**BULLISH   
SPX Short- URSA     275.8  Million**BULLISH Inversion
NDX Long - OTC      895.5  Million**BULLISH    
NDX Short- ARKTOS    81.6  Million**Lowest close since 8/28  
               
XAU Precious Metals  35.9  Million**BULLISH  
Energy               37.1  Million 
Banking              30.2  Million**BULLISH  
Biotech             345.9  Million     
Money Market        1.363  BILLION

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

Dynamic Series (200% correlation to Index)

SPX Long - TITAN     74.1  Million**BULLISH   
SPX Short- TEMPEST  132.0  Million**BULLISH  Inversion 

NDX Long - VELOCITY 155.4  Million  
NDX Short- VENTURE   94.5  Million**BULLISH

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

SPX at the crossroads of indecision and it shows as SPX finishes virtually unchanged but both SPX Long Fund TA continue to contract and MM levels again slowly climb back to near oversold levels in a minor two day consolidation pullback. They are gona take out SPX 1,100 resistance in the next few trading days as SPX closed at SPX 1,085.20. Upside target SPX 1,145 - 1,155 intraday high.

Long NDX TA money continues to build as NDX has been technically much stronger than SPX of late. SPX gona play a little catchup on the upside.

XAU works its way out of oversold as 5 day RSI is at 38.27. Two days of gains in XAU from the lows have netted 86 cents as XAU closed @ XAU 52.34. Yellow dawg closed down 20 cents to $275.00. JSE all gold index closed up 12.50 to JSE 1,302.50. Still expecting one more slam down in gold/gold stocks into the full moon on November 1st +/- 1 trading day. Then the mother launch that has been delayed to XAU 65 - 66 intraday high minimum target before the month of November is out. Get ready to back up da truck and load up on gold stocks on this last impending slam down when XAU gets below double oversold levels < 20 on the 5 day RSI.

Regular Series: 100% SPX Long NOVA
Dynamic Series: 100% SPX Long TITAN

Best Regards, J.T.
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