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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (9515)11/28/2001 10:31:18 PM
From: J.T.  Read Replies (2) of 19219
 
Rydex Total Assets Update for Wednesday, November 28th 2001:

Regular Series:

SPX Long - NOVA 267.1 Million**BULLISH
SPX Short- URSA 252.7 Million**BULLISH
NDX Long - OTC 1.042 BILLION**BEARISH
NDX Short- ARKTOS 82.0 Million**BULLISH

XAU Precious Metals 31.6 Million**BULLISH
Energy 15.7 Million**BULLISH
Banking 29.3 Million**BULLISH
Biotech 379.6 Million**BEARISH
Money Market 1.373 BILLION

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

Dynamic Series (200% correlation to Index)

SPX Long - TITAN 116.4 Million**BEARISH
SPX Short- TEMPEST 134.9 Million**BULLISH Inversion

NDX Long - VELOCITY 218.0 Million**BEARISH
NDX Short- VENTURE 128.2 Million**BULLISH

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

All Gold Index Johannesburg JSE hits another new high Up for the third day in a row and 5 of the last 6 trading days to close at JSE 1,422.30 - a new 3 to 4 + year high.

Meanwhile the XAU puts in a triple bottom at 49.83 - 49.89 November 21 - 26 after low close XAU 49.46 on November 19th. XAU closed up another 64 cents to close at XAU 52.09 on increasing volume over the last 3 trading days. This is the highest close since November 14th, when XAU closed at XAU 52.93. The recent bottom put in is as close as you are gona get to ringing the bell at the bottom to get in - reinforced by consecutive back to back exact closes at XAU 49.83 on November 23 and 26. Furthermore, we booked an outside day on November 26th - the second 49.83 close which typifies change of direction..

What is that I hear? They rang the XAU bell at the bottom? Who does the bell toll for? It tolls for ....

Regular Series: 100% XAU Precious Metals
Dynamic Series: 100% NDX Short VENTURE

Best Regards, J.T.
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