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

To: J.T. who wrote (5965)	1/8/2001 7:48:25 AM
From: David Lee Smith	Respond to of 19219

J.T., I didn't leave your thread, the Monkey was just spanked by SI Bob. My account trading Pro Funds is now double where I started at 1/1/00. I missed the big upside bullet by covering my Ultrabear Profunds the day before the Fed cut rates. I went back into the Ultrabear Profunds the day after the Fed cut rates and my account has swelled last week. I am still 100% in the Ultrabear funds because my model is bearish. I updated the earnings and dividend numbers for December and I don't think contrarian thinking is going to stop this lead anvil. The problem continues to be valuation. With the US dollar weakening and many investors burned, I doubt the stage is set up to rebound without several weeks of rebuilding confidence. Best wishes, David

To: J.T. who wrote (5965)	1/9/2001 1:47:03 AM
From: J.T.	Read Replies (3) \| Respond to of 19219

Rydex Total Assets Update for Monday, January 8th 2001: Regular Series: SPX Long - NOVA 395.8 Million SPX Short- URSA 250.1 Million NDX Long - OTC 1,762` BILLION NDX Short- Arktos 86.4 Million XAU Precious Metals 27.2 Million Banking 136.9 Million Biotechnology 424 Million Money Market 1,061 BILLION ******************************************* Dynamic Series (200% correlation) SPX Long - TITAN 66.5 Million SPX Short- TEMPEST 25.8 Million NDX Long - VELOCITY 127.5 Million NDX Short- VENTURE 23.5 Million ******************************************* I will get back to more regular posts tomorrow. Remain 50% XAU Precious Metals, 25% SPX Long Nova and 25% NDX Long OTC. Best Regards, J.T.

To: J.T. who wrote (5965)	1/12/2001 2:59:03 PM
From: J.T.	Respond to of 19219

BKX 898-902 critical support now in the danger zone... We are at BKX 900 down 34 this level must hold for da Bullz or they got problems the backtest MITA 5,965: ...<BKX after breaking out to new all time back to back highs (BKX 944; BKX 956) Friday's reversal blew right thru these levels to close at BKX 923- right smack on the 5 day moving average. We are going to see if this is a one day false break back down or not come Monday. And the way the money is positioned still heavily long, I would not be surpised to see a lower close in BKX at mondays closing bell. It is important for BKX to stay above BKX 898-902 level at the close for the Bullish argument to maintain any credibility going forward. BKX 902 is the 13 day MA and BKX 898 is the support level established prior to the one day false closing break on January 2nd (BKX 888.6)and subsequent waving of the magic wand interest rate cut by A.G the next day for the BKX 944 close on Jan 3rd>... The level is holding we are now at BKX 903... Best Regards, J.T.