Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: J.T. who wrote (6450)	2/2/2001 11:31:57 AM
From: David Lee Smith	Read Replies (2) \| Respond to of 19219

Nice call on gold!! I wonder if gold is rising on the idea that we now have a more hawkish defense position. I'm wondering if the defense stocks might be worth looking into?

To: J.T. who wrote (6450)	2/4/2001 1:09:34 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Friday, February 2nd 2001: Regular Series: SPX Long - NOVA 498.0 Million SPX Short- URSA 191.1 Millionnew 52 week low NDX Long - OTC 1,971 BILLION NDX Short- Arktos 66.3 Million XAU Precious Metals 47.4 Million Banking 87.8 Million Biotechnology 430 Million Money Market 1,011 BILLION *************************************** Dynamic Series (200% correlation) SPX Long - TITAN 146.2 Million SPX Short- TEMPEST 34.4 Million NDX Long - VELOCITY 147.4 Million NDX Short- VENTURE 49.8 Million3.5 month high ********************************************* 1) SPX Short URSA hits a new 52 week in in spite of SPX closing down hard 24 points. Both SPX Long funds show no fear. I see an intraday low test of SPX 1,320 on deck over the next few days. SPX closed at SPX 1,349. BEARISH 2) NDX gap 2,470 2,526 we mentioned wednesday night gets filled as we close at NDX 2,472 except for 1 measly point the backtest: ...<Rydex sentiment becomes quite clear if we sell the next 1-2 days hard is to try and identify the bottom and reversal intraday and buy it up long for that run to NDX 2,958 - 2,972 gap that must be filled. NDX closed at NDX 2,593 down 93 down 3.5%. NDX has good support at NDX 2,460 on a closing basis. It is possible to get a one day false reading break and close below this level but that will be it. The next trading day will close above this NDX 2,460 even though it may trade below this level all day long. Target is the lower gap that must get filled from Jan 16 close and Jan 17 open NDX (slightly filled by Jan 26 intraday low)NDX gap 2,470 - 2,526. Once this gap is filled the market is close to a solid buy reading>... Now the only gap that has to get filled to confirm the filled NDX gap is COMP 2,618 - 2,660 before all systems are go long. COMP closed at COMP 2,661. It will be shake and bake action into Thursday Friday next week with every other day theory in play. 3)Price of Gold has now registered 3 inside days in the last 6 trading day. XAU has registered 2 inside days in the last 5 trading days. And the JSE all gold index has registered back to back to back outside/inside/outside days trading action. This technical action is loaded with dynamite and could blow at a moments notice. One analyst noted it is the equivalent of watching a herd of nervous cattle ready to stampede before the storm. This cattle is BULL... Position: 100% Long XAU Precious Metals Best Regards, J.T.