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

To: J.T. who wrote (9222)	10/30/2001 3:38:56 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

Rydex. Switch Dynamic Series from MM to 100% Long SPX TITAN before tonights close. Tomorrow is a swing day... Regular Series stay 100% in Money Market. Best Regards, J.T.

To: J.T. who wrote (9222)	10/31/2001 12:10:37 AM
From: J.T.	Read Replies (6) \| Respond to of 19219

Rydex Total Assets Update for Tuesday, October 30th 2001: Regular Series: SPX Long - NOVA 225.7 MillionBULLISH SPX Short- URSA 277.8 MillionBULLISH Inversion NDX Long - OTC 829.2 MillionBULLISH NDX Short- ARKTOS 102.0 MillionBULLISH XAU Precious Metals 33.8 MillionBULLISH Energy 35.9 Million Banking 13.9 MillionBULLISH New Low Biotech 365.5 MillionBEARISH Money Market 1.374 BILLION *************************************** Dynamic Series (200% correlation to Index) SPX Long - TITAN 77.9 MillionBULLISH SPX Short- TEMPEST 136.5 MillionBULLISH Inversion NDX Long - VELOCITY 138.3 Million NDX Short- VENTURE 122.4 MillionBULLISH Near All Time High ********************************************* Gold and gold stocks push to the upper end of resistance levels as lead sled dog all gold johannesburg JSE Index closed up another 12.10 points for its 5th advance in a row to close @JSE 1,356.50. JSE intraday high was 1,374.80 which is below the key October 8th high close JSE 1,382.70. If JSE 1,382.70 gets taken out, we have to go back to October 5, 1999, when JSE closed at JSE 1,423.60. There is also an unfilled gap at 1,423.60 - 1,416.90 from 10/5 - 10/6 1999. For tomorrow, it is possible to have a one day false upside break close above 1,382.70, and then turn back down below this key level the next day. But if we get two back to back closes above 1,382.70 it will be a sure sign the gold breakout is real and hence gold stocks should be bought. XAU closed up $1.49 to XAU 54.52. XAU has quietly rose 5 of the last 6 trading days but is only up 5.6% from the low close of XAU 51.48 set on October 22. Gold Bullion closed up another $1.40 to close at $280.10. If gold/ gold stocks is gona crash the full moon party November 1, with the one day carryover into Friday's close, the pullback must begin in earnest tomorrow. XAU is up $3.04 off the bottom and this can easily get fully retraced. But the deck is stacked against the probability of breaking XAU 50 slamdown at this juncture to even be in a position to get a partial fill down at 48.20 gap. Rydex TA confirms this low probability. I have never seen the BKX TA this low since I have been keeping track. This is extremely Bullish given the fact that BKX closed (only down 8 pts) above BKX 780 critical support. We have been much lower on BKX but with much higher BKX TA at this level. BKX bullishness is confirmed by SPX inversion and high TA levels in SPX Short Tempest. Money is flaming hot. SPX closes down 18.51 to close at SPX 1,059.79, its lowest close since October 2nd. The last two trading days knocked out most of the monthly gains in October and time to call in the reinforcements for the reversal back UP. SPX is now back below oversold range. For the archives, COMP and NDX both closed down for th third day in a row to close at COMP 1,667.41 down 22 and NDX 1,342.26 down 32 points. The Bears biggest argument here is that MM TA levels did not get back above oversold 1.4 Billion. Next cycle High November 1st + 1 day carryover. Regular Series: 100% Money Market Dynamic Series: 100% Long SPX TITAN Best Regards, J.T.