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


To: J.T. who wrote (6562)2/13/2001 3:13:41 PM
From: Challo Jeregy  Read Replies (2) | Respond to of 19219
 
JT, looks like bad data on the dynamic series SPX long since the 7th-

                                    feb 7     8        9          12
SPX Long - TITAN 69 47.4 51.4 108.3 Million
SPX Short- TEMPEST 35.6 39.7 37.8 27.9 Million

NDX Long - VELOCITY 154 138 134.7 159.9 Million
NDX Short- VENTURE 44.6 53.8 49 41.6 Million



To: J.T. who wrote (6562)2/13/2001 8:03:36 PM
From: Walt Deemer  Read Replies (3) | Respond to of 19219
 
Re: Rydex

This is gonna be interesting. The numbers Rydex is giving out tonight show big drops in Nova/S&P Long (419 vs 490) and OTC (1666 vs 1795) AND a big drop in money market assets as well (632 vs 792). No real big changes otherwise.

It will be VERY interesting to see if tonight's numbers verify tomorrow morning -- and if they do, where IS the money going??

-- Walt Deemer



To: J.T. who wrote (6562)2/14/2001 9:39:04 AM
From: J.T.  Read Replies (1) | Respond to of 19219
 
Rydex Total Assets Update for Tuesday, February 13th 2001:

Regular Series:

SPX Long - NOVA 432.8 Million
SPX Short- URSA 245.2 Million

NDX Long - OTC 1,712 BILLION
NDX Short- Arktos 73.8 Million

XAU Precious Metals 28.5 Million
Banking 78.3 Million
Biotechnology 419 Million
Money Market 861 Million

*******************************************
Dynamic Series (200% correlation)

SPX Long - TITAN 108.3 Million
SPX Short- TEMPEST 27.9 Million

NDX Long - VELOCITY 159.9 Million
NDX Short- VENTURE 41.6 Million

*********************************************

1) Money Market levels still way too low. Any rally attempt will be minimal at best and suggests further downside ahead this week. BEARISH.

2)SPX Long NOVA and NDX Long OTC are within striking distance of new 52 week lows. NDX OTC could hit a new 52 week low in the next 2 days on any further market downside. BULLISH after 1-2 more down days.

3)SPX long TITAN and NDX Long VELOCITY has further downside risk in TA. Need more downside action.

4)XAU TA shows continued capitulation as XAU drifts to a new lower close yesterday XAU 46.31 and nearing completion of this thorough wash-out of longs.

Meanwhile, the lead sled dog all gold index JSE hits a new nearterm high at JSE 932.40 and closing in on that all important JSE 940.60 on January 23rd.

I continue to maintain 100% Long XAU Precious Metals position since early January XAU 49.79.

In summary, sentiment figures suggest that while it is possible to get a 1 day rally, it is quite likely that there will be one more hard downdraft in the next week to get a complete capitulation before the march back northward. Again, ideally I would like to see this BKX test this BKX 898 - 902 level and potentially breach thru this level intraday or on a one day close basis below this level. Then back up for that run thru BKX 1,000 and beyond in tandem with new DOW highs DOW 11,900+.

Best Regards, J.T.



To: J.T. who wrote (6562)2/14/2001 10:03:18 AM
From: J.T.  Read Replies (1) | Respond to of 19219
 
Rydex Total Assets Update for Tuesday, February 13th 2001(revised):

Regular Series:

SPX Long - NOVA 432.8 Million
SPX Short- URSA 245.2 Million

NDX Long - OTC 1,712 BILLION
NDX Short- Arktos 73.8 Million

XAU Precious Metals 28.5 Million
Banking 78.3 Million
Biotechnology 419 Million
Money Market 861 Million

*******************************************
Dynamic Series (200% correlation)

SPX Long - TITAN 106.0 Million
SPX Short- TEMPEST 27.7 Million

NDX Long - VELOCITY 135.1 Million
NDX Short- VENTURE 43.0 Million

*********************************************

***Please disregard mita post 6,575***

1) Money Market levels still way too low. Any rally attempt will be minimal at best and suggests further downside ahead this week. BEARISH.

2)SPX Long NOVA and NDX Long OTC are within striking distance of new 52 week lows. NDX OTC could hit a new 52 week low in the next 2 days on any further market downside. BULLISH after 1-2 more down days.

3)SPX long TITAN and NDX Long VELOCITY has further downside risk in TA. Need more downside action.

4)XAU TA shows continued capitulation as XAU drifts to a new lower close yesterday XAU 46.31 and nearing completion of this thorough wash-out of longs.

Meanwhile, the lead sled dog all gold index JSE hits a new nearterm high at JSE 932.40 and closing in on that all important JSE 940.60 on January 23rd.

I continue to maintain 100% Long XAU Precious Metals position since early January XAU 49.79.

In summary, sentiment figures suggest that while it is possible to get a 1 day rally, it is quite likely that there will be one more hard downdraft in the next week to get a complete capitulation before the march back northward. Again, ideally I would like to see this BKX test this BKX 898 - 902 level and potentially breach thru this level intraday or on a one day close basis below this level. Then back up for that run thru BKX 1,000 and beyond in tandem with new DOW highs DOW 11,900+.

Best Regards, J.T.