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

To: J.T. who wrote (5290)	11/22/2000 10:31:58 AM
From: David Lee Smith	Read Replies (2) \| Respond to of 19219

J.T. your posts are the best. Congrats on the gold, who besides you would go that route? I disagree about covering on Wednesday or Friday. My experience shows that usually before a major holiday, the market rallies as most professional investors take holiday leaving the floor traders ruling the day. As we know, the market is thin and the floor traders can only bid up the market when that happens. On Monday when most investors come back from vacation and see the damage done to their portfolios, we may see some panic set in. In fact, look at post holiday market movements for the last ten years and you will find that a Monday after a major holiday has about a 90% chance of being down and many times the move is big. Of course, this is an election driven market and the results of the election (hand count) will be known on Monday. A Bush win would have a positive effect; a Gore win would really be bad for the market the Monday after a major holiday. I will update my MomentuMonkey Indicator over the holiday (probably before Monday). My best guess is that the SELL indicator is still intact. Assuming there is a 90% chance the market will be down next Monday, is the market predicting a win for Al Gore???

To: J.T. who wrote (5290)	11/22/2000 7:46:26 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Wednesday, November 22nd: Regular Series: SPX Long - NOVA 359.1 Million SPX Short- URSA 271.8 Million NDX Long - OTC 2,121 BILLION NDX Short- Arktos 102.5 Million XAU Precious Metals 25.1 Million Biotechnology 546 Million Money Market 1.465 BILLION ******************************************* Dynamic Series (200% correlation) SPX Long - TITAN 47.7 Million SPX Short- TEMPEST 10.6 Million NDX Long - VELOCITY 94.4 Million NDX Short- VENTURE 34.7 Million ******************************************* Short on time - heading out of town for the holidays. I have moved 50% Long to SPX NOVA and Long 50% NDX OTC at tonights close and locked in XAU gain of another 3%. 1)The endgame in this political election circus is now in sight. It is time to get your arse LONG for that anticipated rally. 2)We finally got serious capitulation that I was looking for TODAY. I have not seen SPX Long NOVA at these low total asset levels since October 98' before the blast-off. 3)Double your pleasure (or pain of late)SPX Long TITAN confirms the capitulation as we haven't been below 50 million TA in quite a while. Very significant. 4)NDX Long OTC at lowest total asset levels since October 99 lows. 5)XAU lack of significant increase in total assets suggest the rally could continue. However, I have been burned one too many times waiting the extra day going for the kill. Will keep an eye but the XAU action clearly Bullish- but again going into the full moon tends to peak out. 6)Money Market back above 1.4 billion is Bullish not ideally over 1.6 but this will have to suffice. 7)This will be a stealth counter-trend rally but a rally you should not marry. Short assets should have spiked up and the fact that they did not suggests this is and will continue to be, a guerrilla traders market. Out until Friday. Happy Thanksgiving everyone. Best Regards, J.T.