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

To: NOW who wrote (8205)	7/24/2001 2:00:13 PM
From: J.T.	Respond to of 19219

In 98, Rydex levels were a cleaner read as rydex did not have the dynamic series which encompasses titan tempest velocity and venture funds. Also, they were just expanding sector funds at this time. Today, 2/1 short over long tempest over titan combined with nova/ursa at 1/1 or inversion short over long with MM levels above 1.5 Billion would be a good apples to oranges comparison. This combined with NDX Long Velocity below 100 Mil TA and NDX Short Venture above 90 mil. Today, we got that gap filled in the SPU (Sept futures)at 1185 and if we hold near these low levels with 15 minutes to go... It ought to set up as good as you could ask for sentimentwise to go position long before the bell. We certainly could go lower tomorrow but typically what happens as bottoms are being put in is that the reversal is so fast and furious it is too hard not to "pay up" in the initial stages of the hard reversal, once it materializes. Best Regards, J.T.