Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: J.T. who wrote (7967)	6/6/2001 4:51:01 PM
From: Rextar98	Read Replies (1) \| Respond to of 19219

Mike Drakulich out of gold stocks today. From CB site: Category: TA From: drak (Mike Drakulich) To: ALL Date Posted: June 06, 2001 at 16:04:55 Subject: Issued Gold Stock EXIT today -------------------------------------------------------------------------------- I exited ALL remaining long gold stock and mutual fund positions today. Why you ask? Because in reviewing the gold Ewave count from the $338 high in Oct. of 1999(wich I now think was Wave C of irregular flat for a big Wave 4 top), I now believe the odds favor the recent rally to just below $300 was Wave 4 of a diagonal triangle from that 99 high, and we're now in the 5th wave. Very interesting is that downside targets are the low 250s, right at the area of the lows made in the summer of 1999. I do NOT think the XAU goes to new lows, but at least the lows 50s, or middle to high 40s are very possible. Drak

To: J.T. who wrote (7967)	6/7/2001 10:30:05 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

Rydex Total Assets Update for Wednesday, June 6th, 2001: These numbers verified thru trading desk. Regular Series: SPX Long - NOVA 350.2 Million SPX Short- URSA 215.4 Million NDX Long - OTC 1349.2 BILLION NDX Short- Arktos 61.9 Million XAU Precious Metals 38.4 Million Banking 67.4 Million Biotechnology 490.4 MillionBEARISH Money Market 1,259 BILLION *************************************** Dynamic Series (200% correlation to Index) SPX Long - TITAN 97.9 Million SPX Short- TEMPEST 81.7 MillionBULLISH NDX Long - VELOCITY 177.6 Million NDX Short- VENTURE 60.2 Million ********************************************* Regular Series: 100% XAU Precious Metals Dynamic Series: 100% Long SPX TITAN Best Regards, J.T.