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

To: J.T. who wrote (6626)	2/20/2001 2:07:39 PM
From: David Lee Smith	Read Replies (2) \| Respond to of 19219

I'd say we're at capitualation levels now.

To: J.T. who wrote (6626)	2/21/2001 3:20:28 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

Rydex Total Assets Update for Tuesday, February 20th 2001: Regular Series: SPX Long - NOVA 381.3 Million SPX Short- URSA 229.2 Million NDX Long - OTC 1,620 BILLIONnew 52 week low NDX Short- Arktos 74.7 Million XAU Precious Metals 26.7 Million Banking 78.4 Million Biotechnology 399.8 Million Money Market 1,477 BILLIONoversold levels ***************************************** Dynamic Series (200% correlation) SPX Long - TITAN 53.5 Million SPX Short- TEMPEST 37.5 Million NDX Long - VELOCITY 131.5 Million NDX Short- VENTURE 32.8 Million ******************************************* All the ingredients are there for today as near/at bottom in this vicious cycle with tomorrow as the +/- 1 day carryover. 1) BKX closed right into my designated BKX 898-902 support zone. Nobody calls BKX better than MITA. If all goes well tomorrow we possibly get the last flush-out one day false close break below this level, but my bet is no way 2 closes below this support zone back to back. Today BKX closed at BKX 897.99 down 34 down 3.64% (BKX 898) so I do not count today as day 1 of false break. BKX 5 day RSI at double oversold 21.66 so bottom is nigh and the bounce is imminent. The assault to BKX 1,000+ is on deck. BKX 1,000+ is a slam dunk in March. This also coincides with the DOW having its greatest chance to hit new highs to this DOW 11,900+ level. March is the critical pivot month for DOW if new highs are going to materialize. I believe token new highs are on deck. 2) Money Market Levels above 1.4 Billion and this is oversold territory where longs throw in the towel. Ideally, 1.6 Billion or higher is capitulation city. If we sell it hard tomorrow, then stocks are ripe for the plucking if whites in eyes materialize. 3) New 52 week low in NDX OTC. Doesn't get anymore contrare than that... Watch QCOM will lead the NDX charge northward from here and CSCO will breath new life as my prognostication stands CSCO is most viable candidate to get added to DOW 30 after HON gets taken off via GE acquisition. 4)SPX long both funds show confirming capitulation in Total Assets. Bravo. Maybe one more day selling we might get lucky and invert short over long TA for a day. But that is it. 5)XAU TA continues its capitulation. This is great news coming into the new moon on the 23rd. Now we got 6 upside gaps to fill after a down day today. Has Recession hit the cover of any major magazines yet? If/when it does, it will be the last confirmation we are at a near term bottom. I remain Long 100% XAU Precious Metals since early January. Tomorrow I have made arrangements to open a new separate account in the double your pleasure Dynamic Series where it is a straight long or short 2X play in the SPX or NDX Best Regards, J.T.

To: J.T. who wrote (6626)	2/22/2001 1:18:20 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

Rydex Total Assets Update for Tuesday, February 20th 2001 (REVISED): Regular Series: SPX Long - NOVA 358.8 Million SPX Short- URSA 238.3 Million NDX Long - OTC 1,604 BILLIONnew 52 week low NDX Short- Arktos 78.1 Million XAU Precious Metals 26.9 Million Banking 78.6 Million Biotechnology 399.8 Million Money Market 1,411 BILLIONoversold levels ***************************************** Dynamic Series (200% correlation) SPX Long - TITAN 57.5 Million SPX Short- TEMPEST 18.2 Million NDX Long - VELOCITY 130.2 Million NDX Short- VENTURE 34.0 Million ******************************************* All the ingredients are there for today as near/at bottom in this vicious cycle with tomorrow as the +/- 1 day carryover. 1) BKX closed right into my designated BKX 898-902 support zone. Nobody calls BKX better than MITA. If all goes well tomorrow we possibly get the last flush-out one day false close break below this level, but my bet is no way 2 closes below this support zone back to back. Today BKX closed at BKX 897.99 down 34 down 3.64% (BKX 898) so I do not count today as day 1 of false break. BKX 5 day RSI at double oversold 21.66 so bottom is nigh and the bounce is imminent. The assault to BKX 1,000+ is on deck. BKX 1,000+ is a slam dunk in March. This also coincides with the DOW having its greatest chance to hit new highs to this DOW 11,900+ level. March is the critical pivot month for DOW if new highs are going to materialize. I believe token new highs are on deck. 2) Money Market Levels above 1.4 Billion and this is oversold territory where longs throw in the towel. Ideally, 1.6 Billion or higher is capitulation city. If we sell it hard tomorrow, then stocks are ripe for the plucking if whites in eyes materialize. 3) New 52 week low in NDX OTC. Doesn't get anymore contrare than that... Watch QCOM will lead the NDX charge northward from here and CSCO will breath new life as my prognostication stands CSCO is most viable candidate to get added to DOW 30 after HON gets taken off via GE acquisition. 4)SPX long both funds show confirming capitulation in Total Assets. Bravo. Maybe one more day selling we might get lucky and invert short over long TA for a day. But that is it. 5)XAU TA continues its capitulation. This is great news coming into the new moon on the 23rd. Now we got 6 upside gaps to fill after a down day today. Has Recession hit the cover of any major magazines yet? If/when it does, it will be the last confirmation we are at a near term bottom. I remain Long 100% XAU Precious Metals since early January. Tomorrow I have made arrangements to open a new separate account in the double your pleasure Dynamic Series where it is a straight long or short 2X play in the SPX or NDX Best Regards, J.T.