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

To: J.T. who wrote (9164)	10/25/2001 4:20:41 PM
From: J.T.	Respond to of 19219

SPX closes above SPX 1,100 MITA Dead on the Money after many were calling the market near term top and reversal back down: ********** MITA 9164 (10/24) They are gona take out SPX 1,100 resistance in the next few trading days as SPX closed at SPX 1,085.20. Upside target SPX 1,145 - 1,155 intraday high. ******** ********* MITA 9149 (10/23) ...<Todays TA in MM and SPX Long TITAN look much improved relative to yesterday from a Bullish perspective. SPX close down only 5 points yet skittish money runs for safety to MM to the tune of 100 million. Equally important, both SPX ratios returned to inversion with a significant 40 million TA drop in TITAN. Below is a 60 minute chart of the SPX showing the triple test at SPX 1,100. Based on tonights sentiment data we are now in a position to take out this resistance level. We have been in this relative trading band between SPX 1,100 - 965 since the break on September 6th prior to WTC and now are poised to raise the band to SPX 1,150 - 1,020. charts-d.quote.com:443/1003899009270?User=demo&Pswd=d... The daily SPX chart shows the huge shelf of overhead resistance in the SPX 1,150 - 1,180 range. We will need more than a one jackhammer assault to get through this brickwall. SPX intraday high target into month end is SPX 1,150 - 1,155 range. charts-d.quote.com:443/1003899095120?User=demo&Pswd=d... The cards have been dealt. Tonights number favor the Bulls big time for the launch which most likely will commence tomorrow. But if by chance tomorrow finds a way to be down near days end for the whipsaw setup, Bears are gona get squeezed even harder going into the end of ghoulishly month of October true Bulls really love. And after the month is out and the chips are counted, October 2001 may go down as one of the top 5 total return months of all time for all Octobers via the SPX, DOW and COMP.. We will tally up the score at months end>... ********* Best Regards, J.T.

To: J.T. who wrote (9164)	10/26/2001 12:53:21 AM
From: J.T.	Read Replies (5) \| Respond to of 19219

Rydex Total Assets Update for Thursday, October 25th 2001: Regular Series: SPX Long - NOVA 263.1 MillionBULLISH SPX Short- URSA 259.1 MillionBULLISH NDX Long - OTC 942.2 MillionHighest close since 8/31 NDX Short- ARKTOS 77.2 MillionLowest close since 8/27 XAU Precious Metals 33.5 MillionBULLISH Energy 40.4 MillionBEARISH Banking 33.0 MillionBULLISH Biotech 378.4 MillionBEARISH Money Market 1.200 BILLIONMatches Lowest Close since 8/24 *************************************** Dynamic Series (200% correlation to Index) SPX Long - TITAN 133.6 MillionBEARISH SPX Short- TEMPEST 120.0 MillionBULLISH NDX Long - VELOCITY 187.1 MillionBEARISH NDX Short- VENTURE 85.2 MillionBULLISH ******************************************* Huge intraday reversals across the board. 1)The DOW hit an intraday low of DOW 9,177 down 168, before reversing nearly 268 points to close up 127 at the top tick @ DOW 9,462.90. 2)SPX hit an intraday low of SPX 1,065.64 down 20, before reversing 35 points to close at the top tick to close at SPX 1,100.09. And the beat goes on... Tomorrow + 1 day carryover, we approach cycle highs and near term top as we are above double overbought levels on tech ala COMP, NDX, MSH, PSE, DOT et al. DOW and SPX are barely above overbought levels. Rydex TA confirm we are near a S.T. Top as MM levels deplete and if tomorrow closes Up - a high probability given today huge reversal, MM TA level may get below 1,130 Billion on a solid up day which then gets into Bearish territory. Moreover, SPX Long TITAN TA spiked up which only reinforces this theory of imminent pullback most likely beginning no later than Monday. We simply need to work off this froth and it is getting too easy to be Long in here. I am looking for an intraday high around SPX 1,120, and DOW 9,570 before digesting gains for a day or two. XAU up for the third day in a row up 89 cents to close at XAU 53.23. JSE closed up 15 to close at JSE 1,317.50. In both the JSE and XAU we have a series of Lower highs: JSE XAU Date Close Date Close 10/08 1,382 10/02 59.15 10/18 1,328 10/05 57.97 10/25 1,317 10/17 56.19 10/25 53.23 Tomorrow, I believe, we begin the last slamdown in gold and gold stocks into the full moon on November 1 +/- 1 trading day. If my premise is wrong, and gold stocks decisively move higher tomorrow, JSE must close above 1,328 as a lead indicator with XAU moving above today's intraday high @ XAU 54.21. For the record, NYSE spot gold closed up $1.90 to close at $276.90. Rydex, if the market complies with my bidding, I will be looking to lock in gains on a solid up day tomorrow in SPX Long positions and potentially move into NDX Short for a trade. Regular Series: 100% SPX Long NOVA Dynamic Series: 100% SPX Long TITAN Best Regards, J.T.