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

To: J.T. who wrote (9208)	10/29/2001 3:15:44 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex. Lock in profits in both NDX Short TEMPEST and SPX Short URSA and switch 100% to Money Market before tonights close. Best Regards, J.T.

To: J.T. who wrote (9208)	10/30/2001 1:13:02 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Monday, October 29th 2001: Regular Series: SPX Long - NOVA 245.8 MillionBULLISH SPX Short- URSA 274.2 MillionBULLISH Inversion NDX Long - OTC 861.4 MillionBULLISH NDX Short- ARKTOS 97.6 MillionBULLISH XAU Precious Metals 34.0 MillionBULLISH Energy 44.1 MillionBEARISH Banking 26.6 MillionBULLISH Biotech 355.3 MillionBEARISH Money Market 1.373 BILLION ***************************************** Dynamic Series (200% correlation to Index) SPX Long - TITAN 67.2 MillionBULLISH SPX Short- TEMPEST 147.1 MillionBULLISH Inversion NDX Long - VELOCITY 142.9 Million NDX Short- VENTURE 106.3 MillionBULLISH ********************************************* The froth gets taken out of the market in 1 day. DOW down 275 to close at da bottom tick @ DOW 9,269.50. Likewise, SPX closed down 26.31 to close @ SPX 1,078.30. NDX gets creamed 5.52%, down 80 to close at NDX 1,374.58 SPX Long TITAN TA gets shaved in half over night and this reaffirms that the short term low in this cycle is TODAY, October 29, with tomorrow as a possible + 1 day carryover. With cycle inversion we then run into a cycle high on November 1st, +/- 1 trading day. And a one day whipsaw action such as today sends the skittish packing and right back to inversion in Rydex SPX TA. NYSE Spot Gold closed up $1.60 to close at $278.70. Overnight spot gold trading at $280.50. XAU was trading up solidly all day but closed up a paltry 9 cents to close at XAU 53.03. I have been anticipating one last slamdown to shake staunch gold bullz out...into da full moon on November 1st, +/- 1 day. But this window is fast approaching, and if we open up strong in the morning in gold and gold stocks, we need to see weakness develop into the afternoon or this script might be taking on another dimension. That is, we must entertain the possibility that the train might decide to leave the station early... and we don't want to go chasing down a runaway train... If we do see the reversal in mid day and gold gold stocks close back down, then I will be looking for break down below XAU 50 into the gap in the XAU 48.20 area. If this confirms with Rydex TA below 22 million... BACK UP THE TRUCK FOR MAYBE THE LAST IN A LIFETIME OPPORTUNITY TO GET LONG GOLD STOCKS near da LOWS... and Rydex Precious Metals Fund. I will maintain my cash position in Rydex anticipating this move positioning into 100% Precious Metals Fund over the next few days. This analysis is subject to dynamic revision going forward. Fund Bought Price Sold Price Profit % Gain URSA RYURX 10/26 11.01 10/29 11.25 + 0.24 2.2% VENTURE RYVNX 10/26 61.62 10/29 68.54 + 6.92 11.2% Regular Series: 100% Money Market Dynamic Series: 100% Money Market Best Regards, J.T.