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


To: J.T. who wrote (7453)3/26/2001 7:58:55 AM
From: marginmike  Respond to of 19219
 
I think we still retest lows but I am beginning to get a litlle more optimistic LT



To: J.T. who wrote (7453)3/26/2001 12:50:09 PM
From: Shack  Respond to of 19219
 
Keep your eyes on that money market figure. I think it is coming down pretty quick.



To: J.T. who wrote (7453)3/27/2001 3:44:17 PM
From: J.T.  Read Replies (1) | Respond to of 19219
 
Rydex. Switch 100% from NDX Long VELOCITY to Short SPX TEMPEST for a quick trade 1-3 days..

Hitting resistance levels everywhere SPX/BKX for starters we may run thru them tomorrow morning but we have these lower gaps they are a problem.

Remain 100% Long XAU Precious Metals.

Best Regards, J.T.



To: J.T. who wrote (7453)3/27/2001 6:21:24 PM
From: J.T.  Read Replies (2) | Respond to of 19219
 
Rydex Total Assets Update for Monday, March 25th (late):

These numbers verifeid thru trading desk and significantly different
from reported numbers on phone in Nova/Ursa and Titan/Tempest


Regular Series:

SPX Long - NOVA 285.8 Million
SPX Short- URSA 244.8 Million

NDX Long - OTC 1,159 BILLION**near new 52 week low
NDX Short- Arktos 74.9 Million

XAU Precious Metals 23.7 Million**near 52 week low(Oct 18= 22.6)
Banking 31.4 Million**near 5 month low
Biotechnology 299.5 Million
Money Market 1,452 BILLION**oversold

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

Dynamic Series (200% correlation)

SPX Long - TITAN 80.4 Million
SPX Short- TEMPEST 35.5 Million

NDX Long - VELOCITY 101.3 Million
NDX Short- VENTURE 50.8 Million

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

What a surprise as we close above SPX 1150 to close at SPX 1152.69 on Monday close and we come out of inversion as total assets in long fund exceed short fund again in nova over ursa. 1150 break pegged the inversion on the way down and on the way back up back to normal as we close back above 1150. Inversion begins and ends thru SPX 1150 as called in MITA archives.

Unable to post in timely manner on update as I get caught up in market from Michigan trip...

Monday's position no changes:

Dynamic Series: 100% NDX Long VELOCITY
Regular Series: 100% XAU Precious Metals

I took profit in NDX Long Velocity before the Bell Tuesday (today) and moved into SPX Short TEMPEST for countertrend trade. XAU Precious Metals No Change.

Best Regards, J.T.