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

To: J.T. who wrote (7600)	4/18/2001 2:16:44 PM
From: Rextar98	Read Replies (1) \| Respond to of 19219

Thanks for the update JT! You probably saw this already. Category: TA From: drak (Mike Drakulich) To: ALL Date Posted: April 18, 2001 at 12:27:03 Subject: WATCH GOLD, SILVER and GOLD STOCKS Watch the gold stocks and gold and silver here as I think we could see a BLAST OFF as Greenie and the Fed CAVE on inflation in a "pull out all the stops move to avoid deflation" and err on the side of inflation, and it may be a BIG "err". With the enery problem only likley to worsen and all the discolations for the Naz bubble last year, the metals may get a strong "whiff" of a developing stagflation, something I have been forecasting as developing for well over a year. Don't forget the huge M3 growth in recent months and all the liquidity the Fed has been adding, also note this moprnings BIG dollar reversal so far. If the XAU takes out 52.68 it looks like a BIG acceleration up to at least the old high above 57, and maybe a LOT higher. I am flat the stock market and was in that position going into today, and I remain long Japan from much lower levels. Buckle up for safety out there. Nice risk/reward here, you can buy the XAU(or whatever quality gold stocks) at it's current level of 51.91 with a stop under this mornings low at 50.39 on a near term trading basis. Good chance for a good rally at least above 57 level. Drak He found the bottom here: gold-eagle.com

To: J.T. who wrote (7600)	4/18/2001 2:57:56 PM
From: Night Trader	Read Replies (1) \| Respond to of 19219

JT, Have you seen this site? netcurrents.com Sentiment readings of Nasdaq 100 from message boards, including SI. At the moment it's looking bearish i.e. few negative posters.

To: J.T. who wrote (7600)	4/18/2001 3:40:51 PM
From: J.T.	Respond to of 19219

Rydex. No change. I will remain short in SPX TEMPEST in dynamic series one more day. Regular series remain in XAU Precious Metals. Market needs two back to back closes above SPX 1,233. Once this is out and second close validates first close is no fluke it is time to go long but not until then. Best Regards, J.T.

To: J.T. who wrote (7600)	4/19/2001 9:49:03 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Wednesday, April 18th, 2001: These numbers verified thru trading desk. Regular Series: SPX Long - NOVA 366.3 Million1 month 1 week high (3/8) SPX Short- URSA 219.9 Million NDX Long - OTC 1288.9 BILLION1 month 1 week high (3/8) NDX Short- Arktos 62.4 Million XAU Precious Metals 47.8 Million Banking 32.9 Million BULLISH Biotechnology 359.9 Million1 month 1 week high(3/9) Money Market 1,368 BILLION ***************************************** Dynamic Series (200% correlation) SPX Long - TITAN 79.6 Millionsignificantly lower TA from reported hotline # SPX Short- TEMPEST 66.6 Million NDX Long - VELOCITY 140.2 Million 1 month 1 wk high (3/7) NDX Short- VENTURE 56.9 Million ******************************************* Regular Series: 100% XAU Precious Metals Dynamic Series: 100% Short SPX TEMPEST Best Regards, J.T