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

To: J.T. who wrote (9010)	10/17/2001 1:11:32 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

Spot Gold closes up $1.10 to $282.40 after being up over $2. XAU hit an intraday high up 82 cents to 56.21 (now 56.02)and we are now in the + 1 day carryover of the new moon. For the market to do my bidding for me, I would like to see at least a minimum partial fill of the upside gap I mentioned yesterday at XAU 56.82 - 57.10 today. If this materializes, I will most likely take profits in Rydex XAU Precious Metals this afternoon and await re-entry on the pullback over the next few days. Best Regards, J.T.

To: J.T. who wrote (9010)	10/17/2001 3:36:03 PM
From: J.T.	Respond to of 19219

Rydex. I locked in gains and have switched both Rydex Regular and Dynamic Series funds to Money Market. Out until late tonight. Best Regards, J.T.

To: J.T. who wrote (9010)	10/18/2001 12:08:03 AM
From: J.T.	Read Replies (3) \| Respond to of 19219

Rydex Total Assets Update for Wednesday, October 17th, 2001: Regular Series: SPX Long - NOVA 243.3 MillionBULLISH SPX Short- URSA 282.0 MillionBULLISH Inversion NDX Long - OTC 812.5 MillionBULLISH NDX Short- Arktos 95.8 MillionBULLISH XAU Precious Metals 55.4 MillionBULLISH Energy 43.5 MillionBEARISH Banking 26.9 MillionBULLISH Biotech 289.5 MillionBULLISH Money Market 1.421 BILLIONBULLISH Oversold *************************************** Dynamic Series (200% correlation to Index) SPX Long - TITAN 68.0 MillionBULLISH TA Cut in Half SPX Short- TEMPEST 159.3 MillionBULLISH All Time High NDX Long - VELOCITY 130.3 Million NDX Short- VENTURE 109.6 MillionBULLISH ********************************************* Money is scared and runs for cover on any late day sell-off. Today was kill 2 Bulls with 1 stone day as we gapped it open out of the box and got the Bulls all lathered up. The party was over in about 1 1/2 hours. By days end, Bull money wanted out faster than people stampeding for the exits after someone screams fire in a theatre. Witness the quick shift in MM back above oversold in 1 day. More importantly, SPX Long fund cut down in size by 50% overnight. And the money is really piling into the SPX Short Tempest Fund. In a nutshell, tonights sentiment read is extremely BULLISH and one more down day tomorrow, market corroborating, and I am getting my @ss back LONG on the Bull side. Tonights numbers suggest this pullback will be short lived, and another leg up is most definitely in the cards. I feel extremely fortunate to blow out of both the XAU Precious Metals (RYPMX) and NDX Short Venture (RYVNX) and booking profits after seeing tonights rydex sentiment numbers. Fund Bought Price Sold Price Profit % Gain RYPMX 10/10 20.31 10/17 21.52 + 1.21 5.6% RYVNX 10/11 67.73 10/17 74.68 + 6.95 9.3% Regular Series: 100% Money Market Dynamic Series: 100% Money Market Best Regards, J.T.