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


To: J.T. who wrote (8882)10/10/2001 10:22:41 AM
From: James F. Hopkins  Read Replies (1) | Respond to of 19219
 
JT; Look at the chart I have linked to this.
Message 16480201
Note the VIX is rising this morning at the
same time stocks are up, ( it's not suppose to do that )
and when it does the market is setting up to climb a
wall of worry.
Jim
PS
I just sold cmgi for a 42% gain in 5 days, :-)
but left a lot on the table too.. :-(
sold to fast..



To: J.T. who wrote (8882)10/10/2001 1:13:06 PM
From: stockman_scott  Respond to of 19219
 
Detection, Vaccine Firms See Benefit

Wednesday October 10, 1:03 pm Eastern Time

By Jed Seltzer and Edward Tobin

NEW YORK (Reuters) - Shares of companies that could be enlisted to detect biological attacks and treat its victims soared in Wednesday trading, as U.S. fears of a biochemical attack were fueled by recent anthrax cases in Florida.

Several of the firms have already received contracts to produce vaccines and diagnostic devices, such as Nanogen Inc. (NasdaqNM:NGEN - news) and AVANT Immunotherapeutics Inc. (NasdaqNM:AVAN - news), which announced government-related pacts on Wednesday.

Shares of detection system maker Nanogen rose 60 percent, or $3.36, to $8.94, while shares of vaccine developer AVANT rose 67 percent, or $1.99, to $4.94 on Nasdaq.

Nanogen said it received a $1.5 million grant from the U.S. Army to continue development of its biological warfare detection systems, while AVANT said it had signed a contract with a firm licensed by the U.S. Department of Defense to create vaccines against infectious diseases.

AVANT's stock reached $6.93 earlier in the session.

``The wild card is that if fears continue to grow about how likely an attack of this nature is, you may get to the point where the government decides to throw a bunch of money at this and that is where people are speculating,'' said Dougherty & Co. analyst Aaron Lindberg.

Detection systems maker American Access Technologies (NasdaqSC:AATK - news) said on Tuesday it received a government order to make 7,000 alarms that detect chemical warfare agents.

The company's shares have more than tripled in the past three days and earlier Wednesday were up 10 cents, or 2.55 percent, to $4.02 in trading.

Other small firms have not announced new contracts but their stocks have still ascended on the hopes that they will see increased revenues from initiatives to improve the nation's ability to cope with biochemical attacks.

Shares of Cepheid Inc. (NasdaqNM:CPHD - news) soared to $10.50 in Wednesday trading from a close of $3.37 on Friday. The stock rose 86 percent on Tuesday and another 27 percent in trading Wednesday.

Cepheid develops genetic profiling and detection systems for contaminants and biological agents. The Sunnyvale, California-based company makes Smart Cycler, a DNA detection system that searches for the presence of targeted substances, such as anthrax.

``The valuations here are getting stressed at these levels,'' Lindberg said. ``If you look at a firm like Cepheid, it is looking at a $230 million market cap with $8 million in revenues this year. That being said, they have got a leading technology, and this is obviously an area of keen interest now.''

SIGA Technologies Inc. (NasdaqSC:SIGA - news), which is developing anti-infective treatments, has seen its stock rise more than 80 percent in the past two weeks, to $4.16 from a close of $2.29 on Sept. 26.

And biotechnology companies outside the United States are also benefiting from speculation that increased terror attacks will spell contracts to provide diagnostics and drugs.

Shares in Danish biotechnology firm Bavarian Nordic , which makes smallpox vaccine, and British group Biotrace International Plc (quote from Yahoo! UK & Ireland: BOI.L), which supplies testing kits, have both surged since the Sept. 11 attacks.

Acambis Plc (quote from Yahoo! UK & Ireland: ACM.L), another UK firm, has seen its stock leap nearly 80 percent on speculation the U.S. government will bring forward orders for smallpox vaccine under an existing contract.



To: J.T. who wrote (8882)10/10/2001 1:49:24 PM
From: J.T.  Respond to of 19219
 
Rydex. Switch 100% from NDX Short Arktos to 100% XAU Precious Metals before tonights close. Gap to get filled this afternoon or tomorrow. Buy into the gap.

Out until late tonight.

Best Regards, J.T.



To: J.T. who wrote (8882)10/11/2001 12:19:53 AM
From: J.T.  Read Replies (3) | Respond to of 19219
 
Rydex Total Assets Update for Wednesday, October 10th, 2001:

Regular Series:

SPX Long - NOVA 267.0 Million**BULLISH
SPX Short- URSA 258.6 Million**BULLISH
NDX Long - OTC 798.0 Million**BULLISH
NDX Short- Arktos 96.9 Million**BULLISH

XAU Precious Metals 62.6 Million**BULLISH
Banking 36.8 Million**BULLISH
Biotech 280.9 Million
Money Market 1.336 BILLION**Lowest Close in over 1 Month

*******************************************

Dynamic Series (200% correlation to Index)

SPX Long - TITAN 127.9 Million**Huge Spike in TA
SPX Short- TEMPEST 115.2 Million**BULLISH

NDX Long - VELOCITY 137.3 Million
NDX Short- VENTURE 96.6 Million**BULLISH

*********************************************

XAU gets minimum partial gap fill to close at the low XAU 53.60, down another $1.66 for -3% for the day. XAU 5 day rsi is closing in on double oversold levels not seen in some time. This combined with Rydex Precious Metals TA finally below 70 Mil confirms all systems go as I made the switch into Precious Metals before the bell. This does not in itself mean that XAU can not go lower tomorrow. In fact there is an outside chance that we may completely fill the 53.33 - 53.65 gap and go partially fill the lower gap 51.87 - 52.02. However, I am not going to wait around for this to materialize because it will reverse hard and fast from lower levels anyway.

Todays action was much stronger than I anticipated and bit the bullet again waiting 1 day too late to take profit that turned into a loss in arktos in order to get into precious metals fund. New moon next week on October 16th.

Bulls should take notice MM TA levels shrunk 200 million over night is bad omen near term.

Regular Series: 100% Long XAU Precious Metals
Dynamic Series: 100% Long SPX TITAN

Best Regards, J.T.