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

To: J.T. who wrote (5787)	12/23/2000 10:32:06 AM
From: Softechie	Respond to of 19219

Have a Merry Christmas and God Bless.

To: J.T. who wrote (5787)	12/23/2000 11:59:27 AM
From: marginmike	Respond to of 19219

Its amazing how quikly money gets bullish. Signs of a big down teusday or wednesday no? If BKX does breakout I would have to assume recession is not as imminent as previously thought, and this bear market is only specific to NDX and thus NDX bargains should be bought soon. There is finally signifigent bearishness, yet P/C and Rydex is very disturbing.

To: J.T. who wrote (5787)	12/26/2000 3:14:17 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

Rydex. Switch 100% from XAU Precious Metals to 100% SPX Short URSA before tonights close. Back late tonight. Best Regards, J.T.

To: J.T. who wrote (5787)	12/27/2000 1:20:34 AM
From: J.T.	Read Replies (4) \| Respond to of 19219

Rydex Total Assets Update for Tuesday, December 26th: Regular Series: SPX Long - NOVA 542.4 Million SPX Short- URSA 244.8 Million NDX Long - OTC 1,905` BILLION NDX Short- Arktos 81.3 Million XAU Precious Metals 43.5 Million Biotechnology 537 Million Money Market 1,114 BILLION ******************************************* Dynamic Series (200% correlation) SPX Long - TITAN 105.5 Million SPX Short- TEMPEST 29.8 Million NDX Long - VELOCITY 143.6 Million NDX Short- VENTURE 41.7 Million ***************************************** The venus fly trap is set again. The rug is going to get pulled from da bulls. This time compliments of BKX. The money has piled in long into overbought levels as measured by the 5 day rsi levels and rydex bkx jam job in total assets as BKX closed up another 10 + points to BKX 906.06 with an intraday high of BKX 907.52. This is right into our BKX 910 zone from our last Rydex Update MITA 5,787: ...<BKX Analysis: Watch the BKX from todays close and into Tuesday's intraday high. A 5 minute chart shows this rounding top as BKX did not participate in the final 15 minute melt-up in the market today . It simply stalled. I am anticipating an intrady high around BKX 910 before it turns back down**>... The only thing to play out is if todays intraday high was the level where we turn back down or if it is sometime early on Wednesday. No matter, the BKX is going to take down the SPX back below SPX 1,300 and into this SPX 1,278 - 1,280 gap level. Today the SPX closed at SPX 1,315.19. The SPX 15 minute chart shows the small gap: charts-d.quote.com:443/977894012630?User=demo&Pswd=demo&DataType=GIF&Symbol=CME:SP01H&Interval=30&Ht=400&Wd=600&Display=0&Study=&Param1=&Param2=&Param3=&FontSize=10&BgColor=0.255.0&TBgColor=0.255.0 On the SPH March Futures contract the gap to get filled is at SPH 1,290 - 1,300 level the 10 miute chart: charts-d.quote.com:443/977897766410?User=demo&Pswd=demo&DataType=GIF&Symbol=CME:SP01H&Interval=10&Ht=400&Wd=600&Display=0&Study=RSI&Param1=5&Param2=&Param3=&FontSize=10&BgColor=0.255.0&TBgColor=0.255.0 and 15 minute SPH chart: charts-d.quote.com:443/977897696430?User=demo&Pswd=demo&DataType=GIF&Symbol=CME:SP01H&Interval=15&Ht=400&Wd=600&Display=0&Study=RSI&Param1=5&Param2=&Param3=&FontSize=10&BgColor=0.255.0&TBgColor=0.255.0 More heartache and disappointment ahead nearterm for long positions. 100% Short SPX URSA Fund Best regards, J.T.