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

To: J.T. who wrote (8381)	8/22/2001 1:47:09 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

Rydex Total Assets Update for Tuesday, August 21st 2001: Regular Series: SPX Long - NOVA 250.6 MillionBULLISH SPX Short- URSA 234.5 Million NDX Long - OTC 960.2 MillionBULLISH -Closing in on 4/3 4/4 Lows NDX Short- Arktos 91.4 MillionBULLISH- Highest close since 4/4 XAU Precious Metals 69.4 MillionBEARISH Banking 75.2 Million Biotech 305.4 MillionBULLISH Money Market 1.378 BILLION *************************************** Dynamic Series (200% correlation to Index) SPX Long - TITAN 74.8 MillionBULLISH SPX Short- TEMPEST 79.8 MillionBULLISH NDX Long - VELOCITY 136.0 Million NDX Short- VENTURE 80.5 MillionBULLISH ********************************************* Tomorrow we find out if today was a one day false breakdown and we reverse back up or we do in fact go and test the April 4 lows in the near future. NDX is 110 points above 4/4 lows as it closed down 54 points to close at NDX 1480. NDX Long OTC TA lows on 4/4 = 923.7 Million. If we find a way to pierce beneath these lows it will represent nearly a 3 year low on the Long NDX OTC TA. XAU Precious Metals exuding more strength. Today XAU held firm in the XAU 56.50 - 56.60 support zone and took off in the afternoon after the 1/4 point rate cut in synchronicity with a falling dollar. This in spite of gold bullion closing down today. XAU closed up 50 cents to XAU 57.51. Tomorrow is a critical day for the XAU as it has a tight range double top at 57.51 - 57.56 close 2 of last 3 days and 56.43 - 56.46 intraday low 3 of the last 4 days. Simply put, the market reversed from session highs pre-FOMC announcement to session lows at the bell and sent Bulls to the canvas. I'm still trying to get up. Now I know how Lennox Lewis feels after getting leveled by The ROCK Hasim Rahman. lol My gold stocks shine but blood spills everywhere else. Tomorrow is another day. Regular Series: 100% Long NDX OTC Dynamic Series: 100% Long SPX TITAN Best Regards, J.T.