MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: bobby beara who wrote (15871)	1/23/2003 1:03:08 AM
From: J.T.	Read Replies (3) of 19219

I agree. The time to go long is into the window of death. I sold my golds and gold calls this afternoon for profit and bought tech and tech calls in the last hour. I see gold is up tonight, but gold stocks have been diverging, hence I took profits and rotated back in for the launch up now I have pegged into lows Jan 21-24 (we shall soon see). Bullion keeps making new highs but golds stocks hit their highs Jan 3, 6 and the gold stocks are trading heavy. Maybe this will change tomorrow, but I didn't want to wait around. I have always been early legging into countertrends, but maybe I got lucky this afternoon spot on. By the way, Rydex numbers have ballooned on the short side even more tonight. Easily greater than 3/1 short over long in Ursa/Nova and Tempest/Titan and just under than 2.5/1 Venture/Velocity.

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