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

To: J.T. who wrote (6197)	1/20/2001 12:24:37 PM
From: High-Tech East	Respond to of 19219

Message 15216297 Ken Wilson

To: J.T. who wrote (6197)	1/22/2001 1:22:28 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Friday, January 19th 2001: Regular Series: SPX Long - NOVA 403.5 Million SPX Short- URSA 210.0 Million NDX Long - OTC 2,149 BILLION NDX Short- Arktos 55.4 Million XAU Precious Metals 28.9 Million Banking 79.1 Million Biotechnology 422 Million Money Market 1,132 BILLION ******************************************* Dynamic Series (200% correlation) SPX Long - TITAN 86.4 Million SPX Short- TEMPEST 24.7 Million NDX Long - VELOCITY 195.1 Million NDX Short- VENTURE 28.1 Million ******************************************* XAU has an inside day Friday (a lower high and higher low from the previous day) and that usually signifies a major move is at hand after a flatline all last week trading close at XAU 48.92. With the new moon on Wednesday, tomorrow should see that first assault to XAU 50 minimum on its way to XAU 56.50. Minimum target for me is XAU 53 into Wednesday close. This is no insignificant feat given the 200 day MA is XAU 52. But after trading 10 straight days above XAU 50, we have now traded 11 straight days below 50 with the low close on XAU 48.17 on January 11th. The high close wass XAU 53.11 on December 20th. So we are in a tight coil ready to unwind and with Friday's inside day... lets get ready to rumble... and break thru that XAU 53-55 overhead resistance once and for all. BKX continues to consolidate and maintain support above BKX 898-902 level. Friday BKX closed at BKX 902.75. All the while Rydex Banking TA have now been shaved in half from its all time high set less than 7 trading days ago. BKX is ready to lead the SPX higher during the next leg up. AMD failed to reach 23-24 level as Friday's intrady high was 22 15/16. I continuw to hold AMD and will look to sell into strength into this zone. Position 100% Long XAU Precious Metals. Best Regards, J.T.