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

To: J.T. who wrote (8220)	7/27/2001 12:17:04 PM
From: marginmike	Read Replies (1) \| Respond to of 19219

Seems like one or two good days will get Rydex out of oversold, and VIX to low 20's. That coupled with the Withing season, Japan books closing would signal to me that the trend is DOWN not up. And that we should be looking to short the next good move? Rydex getting bullish WAY to fast on any rally.

To: J.T. who wrote (8220)	7/28/2001 2:19:09 PM
From: J.T.	Read Replies (3) \| Respond to of 19219

Rydex Total Assets Update for Friday, July 27th 2001: Regular Series: SPX Long - NOVA 282.1 MillionBULLISH SPX Short- URSA 221.1 Million NDX Long - OTC 1.108 BILLIONBULLISH NDX Short- Arktos 63.1 Million XAU Precious Metals 26.5 MillionBULLISH Near 52 Week Low Banking 40.5 MillionBULLISH Biotech 336.1 MillionBULLISH Money Market 1.428 BILLIONBULLISHOversold *************************************** Dynamic Series (200% correlation to Index) SPX Long - TITAN 92.9 Million SPX Short- TEMPEST 79.1 MillionBULLISH NDX Long - VELOCITY 164.6 Million NDX Short- VENTURE 70.3 MillionBULLISH ******************************************* Notice the BKX is just hanging around above BKX 900 at 905. This index is within striking distance of a new all time high around BKX 965 as the market continues to digest all the negativity in profits and growth recession. BKX will lead this next leg up for SPX and DOW as it usually does and Rydex Banking low TA confirms it. Meanwhile SOX continues to hover in the 560 - 600 range and now we are right above that marker. XAU continues to book and base higher lows as Rydex Precious Metals TA shows no interest in the 'yellow metal or yellow stocks'. I am expecting XAU to test minimum low 60's into the new moon on Aug 19th with the potentiality of reaching XAU 66-67 range. Any near term pullback should be bought for the August rally that will put Bulls back in the driver seat. Regular Series: 100% XAU Precious Metals Dynamic Series: 100% Long SPX TITAN Best Regards, J.T.