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

To: J.T. who wrote (5516)	12/8/2000 2:02:00 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

This is the what we do on MITA stick out our neck daily and call these moves in advance many times immediate gratification E Factor american expediency now look at this from the rydex archives last night the backtest: ...<What I saw today was BKX, UTIL and SPX held relatively well in a grind-down type of day. With the SPX I am sure we are near the 2/3 fibonacci pullback from the 50 point melt-up and I think we are now at the point to go back up and re-test that SPX 1,375 level. I also believe on the BKX we are going back to test BKX 860-870 level. It dropped like a stone too fast from this zone off of Bank of America problems the fire in the theatre sell first and figure it out later that is what happened. Now it will work its way back up and lets see if it holds and consolidates or turns back down again>... We are now at SPX 1,373.40 and BKX 855.24 rigth up to our target areas last night prior to judges ruling. Now on favorable ruling for Bush we will melt-up thru SPX 1,375 and BKX 860 into the bell and expect to close on or above these levels. The question becomes can we get follow thru??? We have not had good back to back follow thru days since October 19-20 back to back days. We could get similar returns today and monday. Best Regards, J.T.

To: J.T. who wrote (5516)	12/11/2000 11:36:32 AM
From: J.T.	Read Replies (3) \| Respond to of 19219

Rydex Total Assets Update for Friday, December 8th (late): Regular Series: SPX Long - NOVA 480.8 Million SPX Short- URSA 226.9 Million NDX Long - OTC 2,364 BILLION NDX Short- Arktos 91.0 Million XAU Precious Metals 48.9 Million Biotechnology 614 Million Money Market 847 Million* ***************************************** Dynamic Series (200% correlation) SPX Long - TITAN 109.1 Million SPX Short- TEMPEST 20.7 Million NDX Long - VELOCITY 176.6 Million NDX Short- VENTURE 19.4 Million ******************************************* 1) Money Market levels on HIGH NEGATIVE ALERT. Not only did it blow through below 1 Billion in total assets. But it blew below 900 million. And if the market closes strong like it is up right now they will sell this rally hard once the news is out of Bush victory. If vote is extended and Gore wins S.C ruling - look out below. Either way the market will sell. EXTREMELY BEARISH. 2)SPX Short URSA banging on new 52 week lows. One close below 200 million and this market is toast for any meaningful rally the rest of this year. BEARISH. 3)NDX OTC closing in back above 2.4 Billion. Those who read MITA and Rydex update know full well I have bechmarked 2.4 Billion total assets as key. We have been below 2.4 since this market broke from below COMP 3,000 - now it looks like we will get this first close above 2.4 billion today if the market closes strong. For me this is negative. 4)Look at the double your money pain long funds. They melted up before the close on Friday if this money continues to build long - look for these gains to ge twiped out in a hurry. In short - I would look to sell this rally to lock in any potential gains. Market is self discounting machine and already has Bush the winner. Best Regards, J.T.