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


To: J.T. who wrote (9167)10/26/2001 3:14:30 PM
From: J.T.  Respond to of 19219
 
From the MITA island last night:

I am looking for an intraday high around SPX 1,120, and DOW 9,570 before digesting gains for a day or two

Dow intraday high DOW 9,567.18.

EDIT: Now at DOW 9,576.

MeltUp: DOW 9,598.15

Best Regards, J.T.



To: J.T. who wrote (9167)10/26/2001 3:21:34 PM
From: J.T.  Read Replies (3) | Respond to of 19219
 
Rydex. Lock in gains in both SPX Long Funds and switch to NDX Short Venture and SPX Short Ursa before tonights close.

Cycle highs today with 1 day carryover on Monday.

Best Regards, J.T.



To: J.T. who wrote (9167)10/28/2001 4:17:52 PM
From: whydididothat  Read Replies (1) | Respond to of 19219
 
Thank you for your daily Rydex Updates. I was wondering if you could post links to any discussions regarding the numbers that you use as Bullish or Bearish cutoffs for the various Rydex funds. Any explanation about how these numbers or proportions were determined would also be appreciated. Watching the Rydex asset charts on decisionpoint.com, I have been under the impression that they mirror rather then lead their respective indexes.
Thanks in advance, Jon



To: J.T. who wrote (9167)10/28/2001 7:32:26 PM
From: James F. Hopkins  Read Replies (1) | Respond to of 19219
 
JT ; You have me spoiled , where is the Friday
Update ?
Jim



To: J.T. who wrote (9167)10/29/2001 1:11:53 AM
From: J.T.  Read Replies (2) | Respond to of 19219
 
Rydex Total Assets Update for Friday, October 26th 2001:

Regular Series:

SPX Long - NOVA 279.5 Million**BULLISH
SPX Short- URSA 255.9 Million**BULLISH
NDX Long - OTC 922.6 Million
NDX Short- ARKTOS 84.9 Million

XAU Precious Metals 33.4 Million**BULLISH
Energy 46.3 Million**BEARISH
Banking 31.2 Million**BULLISH
Biotech 366.7 Million**BEARISH
Money Market 1.257 BILLION

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

Dynamic Series (200% correlation to Index)

SPX Long - TITAN 123.0 Million**BEARISH
SPX Short- TEMPEST 124.2 Million**BULLISH

NDX Long - VELOCITY 170.9 Million**BEARISH
NDX Short- VENTURE 88.3 Million**BULLISH

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

Dow gets pelvic thrust carryover above my DOW 9,570 intraday high target on Friday as we hit an intraday high of DOW 9,598 only to reverse and close up 82 to DOW 9,545. DOW 5 day rsi get above double overbought before closing right beneath it at the close.

stockcharts.com

Monday is a cycle low + 1 day carryover to relieve the froth.

S & P and Naz Futures both traded discount to cash after the cash close and overnight now we trade lower. We will be down outta da box. Dec SPZ couldn't take out its October 17 high at SPZ 1,110.50 as it was repelled and turned back down.

Dec 60 min SPZ:
charts-d.quote.com:443/1004335787260?User=demo&Pswd=demo&DataType=GIF&Symbol=CME:SP01Z&Interval=60&Ht=400&Wd=600&Display=0&Study=RSI&Param1=5&Param2=0&Param3=0&FontSize=9

The worm turns on gold and gold stocks as XAU closes down .29 cents to close at XAU 52.94. NYSE Spot Gold closes up 20 cents to close at $277.10. And Johannesburg all gold index closes up 17 points @ JSE 1,334.50 up for the 3rd day in a row. Full moon on Thursday Nov 1st, where gold should bottom +/- 1 day.


Fund Bought Price Sold Price Profit % Gain
NOVA RYNVX 10/23 23.71 10/26 24.31 + 0.60 2.5%
TITAN RYTNX 10/23 11.99 10/26 12.41 + 0.42 3.3%


Regular Series: 100% SPX Short URSA
Dynamic Series: 100% NDX Short VENTURE

Best Regards, J.T.