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

To: J.T. who wrote (5680)	12/20/2000 1:54:59 AM
From: High-Tech East	Respond to of 19219

J.T. - I agree 100%. My approach is larger in a more analytical macroeconomic sense, but we are in a mess, and quickly heading for a recession of some flavor ... sure glad I have been accumlating March S&P 500 puts (started with December puts in late August) ... the three I have have more than doubled their value to date ... SUNW at under 27, who would have thunk? Ken Wilson

To: J.T. who wrote (5680)	12/20/2000 9:58:12 AM
From: Kapusta Kid	Read Replies (1) \| Respond to of 19219

All That Glitters... Read Jim Grant's take on AU on Forbes.com. < forbes.com >

To: J.T. who wrote (5680)	12/20/2000 12:47:07 PM
From: David Lee Smith	Read Replies (1) \| Respond to of 19219

MomentuMonkey says SELL! The MomentuMonkey Indicator has been downgraded from NEUTRAL to SELL. Nearterm S&P 500 Index target 1222, down 4.4% from current level of 1278.03 at 11:35 CST. Momentum has been downgraded to NEGATIVE from NEUTRAL. Valuation remains NEUTRAL. I remain 100% in Pro Funds Ultra Bear Fund (2x S&P 500). JT, your comments are right on!

To: J.T. who wrote (5680)	12/21/2000 3:11:40 AM
From: J.T.	Read Replies (4) \| Respond to of 19219

Rydex Total Assets Update for Wednesday, December 20th: Regular Series: SPX Long - NOVA 373.9 Million SPX Short- URSA 250.8 Million NDX Long - OTC 1,766` BILLION NDX Short- Arktos 96.7 Million XAU Precious Metals 47.0 Million Biotechnology 501 Million Money Market 1,425 BILLION ******************************************* Dynamic Series (200% correlation) SPX Long - TITAN 64.4 Million SPX Short- TEMPEST 17.6 Million NDX Long - VELOCITY 110.0 Million NDX Short- VENTURE 38.3 Million ******************************************* And just when they thought it couldn't go any lower. KABOOM. These PEG models aren't worth their salt when the growth assumptions on which their based is the equivalent of a house built on sand. The new paradigm has now turned into can u spare me a dime. The once stealth economy 'supertanker throughout this bull market culminating in jan thru march this year that abbey jo has so coined has turned into the little tanker that couldn't overnight. And just as this full blown mania overshot the cow (bear) over the moon, now it will overshoot on the way down as the nasdaq has as of today locked in its all time worst percentage return year ever down over 55%. We still have a week of trading to negate this dubious distinction and honor. The market is clearly oversold and if we manage to be down in the last hour of trading I may go long for a 1-3 day countertrend bounce and lock in recent XAU run-up. Best Regards, J.T.