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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: J.T. who wrote (3407)6/1/2000 4:09:00 PM
From: 2ripley2  Read Replies (1) | Respond to of 19219
 
JT, hope you're right.

I went almost 70% cash today.

BKX closed @ 852. You had said you would have liked to see it close @/below 850. What are your feelings.

If I'm interpretting your Rydex switch 100% long to short, they seem to agree with you.

regards,
2rip



To: J.T. who wrote (3407)6/1/2000 4:30:00 PM
From: Hobie1Kenobe  Read Replies (2) | Respond to of 19219
 
J.T. - Everyone leaning in the long direction seems too predictable. I'm leaning hard the other way -- Greenspan is concerned about pool of available workers and wage inflation - we'll see how it plays in the a.m. Best.
JF3



To: J.T. who wrote (3407)6/2/2000 12:23:00 AM
From: 2ripley2  Read Replies (1) | Respond to of 19219
 
JT - Rydex question...

<<Rydex. Switch 100% from SPX Long NOVA to 100% Short URSA at tonights close.>>

When you post these statements in this format near the close each day... does this mean (1) this is the action YOU have taken... or (2) this is the action taken by Rydex fund investors?

tia,
2rip



To: J.T. who wrote (3407)6/2/2000 3:13:00 PM
From: J.T.  Read Replies (2) | Respond to of 19219
 
Rydex. Switch 100% from SPX short URSA to 100% XAU- Precious Metals at tonights close.

Gold is up 9 bucks off dollar weakness and if we are going to get that XAU break-out to XAU 68 intraday it is going to be Monday Tuesday next week.

Best Regards, J.T.