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

To: J.T. who wrote (6474)	2/4/2001 9:51:33 AM
From: David Lee Smith	Read Replies (2) \| Respond to of 19219

The updated MomentuMonkey model confirms your view that we could be poised to go LONG. It also, supports the idea of a choppy market since it is almost dead NEUTRAL. I would not have made the up one day, down the next conclusion from the indicators I look at. What clues told you this is the scenario that would play out? I have gold but I don't see it much above $300 if that high. But I assume you'd be delighted at $280. Best wishes, David

To: J.T. who wrote (6474)	2/6/2001 9:44:23 AM
From: J.T.	Read Replies (4) \| Respond to of 19219

Rydex Total Assets Update for Monday, February 5th 2001: Regular Series: SPX Long - NOVA 483.0 Million SPX Short- URSA 231.5 Million NDX Long - OTC 1,947 BILLION NDX Short- Arktos 65.2 Million XAU Precious Metals 49.2 Million Banking 94.9 Million Biotechnology 427 Million Money Market 1,157 BILLION ***************************************** Dynamic Series (200% correlation) SPX Long - TITAN 113.2 Million SPX Short- TEMPEST 33.4 Million NDX Long - VELOCITY 156.5 Million NDX Short- VENTURE 45.9 Million ******************************************* Rydex reporting late and incorrect data. Called trading for correct figures this morning. From MITA 6,419: ...<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.>... ...<Once this gap is filled the market is close to a solid buy reading>... We closed at NDX 2,467 Now both NDX and COMP gaps are filled.... and it is shake and bake action for the next 1-2 days but no matter we are near a short term bottom and good bargains can be had on any further weakness. XAU lower gap should get filled today. Best Regards, J.T.