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

To: J.T. who wrote (8377)	8/19/2001 3:55:14 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 19219

JT; The dollar is the fly in the soup, if it keeps falling the market don't have a chance. The falling dollar is turning every thing up-side down. I don't want to say we will break below the April Lows but the chance is very real and at least 50/50 before this is over. We should get a short term bounce before taht happens however I don't see any rocket ship to the moon, but more like a dead cat bounce that will sputter out and stall. ----------------- I don't get time to track the TA's/Nav = shares out until the weekends. But the share out bull/bear ratio for last week was not for a rally, the 13th was screaming to short it. The 17th looked OK to go long but just OK. Again the dollar better not fall with this rate cut or you will see some real capitulation. I hope it's recent fall was pricing it in. Jim

To: J.T. who wrote (8377)	8/19/2001 10:27:37 PM
From: James F. Hopkins	Respond to of 19219

JT; BTW I hope you don't take my last post as total bearish, " I did add to my long UOPIX position Friday " I just don't picture me holding it very long unless I see the dollar moving back up. ------------- Had I sold it last Monday I would have come out on top, but I saw the signs to late so I'm under water with it almost 10% and hope with this addition to pop out at least even. If not I have some more dry powder but I'm going to hold onto that just in case we crash and burn. Jim

To: J.T. who wrote (8377)	8/20/2001 11:39:28 AM
From: SpecialK	Read Replies (1) \| Respond to of 19219

JT, Been following this data for the last month(lurking) from Stock Attack thread. Wonder what you make of the 2 statements below. From 10/18 to 4/4, the NDX Long OTC has moved from 2549 to 969 (trending lower). If this lowest close since April 4th holds, it means something. If the markets head lower, doesn't the NDX Long funds head lower with it? IF NDX goes to a double bottom, but the NDX Long fund is lower, would you view it as bullish or bearish convergence? Appreciate your work here, just wondering the bullish signs the last few weeks as we've headed lower. Thanks, Ketan NDX Long - OTC 969.5 Million**BULLISH- Lowest close since April 4th rydex 10/18 nova 355 ursa 297.5 otc 2549.9

To: J.T. who wrote (8377)	8/21/2001 12:41:33 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

Total Assets Update for Monday, August 20th 2001: Regular Series: SPX Long - NOVA 263.9 MillionBULLISH SPX Short- URSA 224.6 Million NDX Long - OTC 1.004 BILLIONBULLISH NDX Short- Arktos 83.5 MillionBULLISH- Highest close since 5/17 XAU Precious Metals 68.9 MillionBEARISH Banking 78.3 Million Biotech 306.8 MillionBULLISH Money Market 1.326 BILLION *************************************** Dynamic Series (200% correlation to Index) SPX Long - TITAN 90.6 MillionBULLISH SPX Short- TEMPEST 66.7 Million NDX Long - VELOCITY 150.8 Million NDX Short- VENTURE 67.9 Million ********************************************* Last time NDX Long OTC was above 80 mil TA NDX was setting up for rally from NDX 1796 to 2052 (May 15- 21). Early April we were flirting with these same levels when NDX was up off the lows from NDX 1370 on 4/4 on a run to NDX 1953 on 4/19. We closed today at NDX 1536 and I believe we have a good bounce that will take us to NDX 1,750 intraday high minimum in this next continuation counter-trend reversal. XAU Precious Metals pullbacks have been bought of late. I believe we need to work off the Bearish sentiment in a flag formation before the next launch. A minimum pullback into this XAU 54.70 area would be healthy. XAU closed at XAU 57.11 down 45 cents. SPX closed up nearly 10 to SPX 1171. A move to SPX 1,208 is on the docket with a second consecutive back to back close above this level will take us to major overhead supply SPX 1,220 - 1,237 range that needs to get worked off. A jackhammer will need to chisel thru this brick wall several times before we blow thru to the otherside once and for all. Regular Series: 100% Long NDX OTC Dynamic Series: 100% Long SPX TITAN Best Regards, J.T.