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

To: J.T. who wrote (9296)	11/2/2001 9:46:37 AM
From: J.T.	Respond to of 19219

So far, these technical supports listed last night in the update have all held. And as long as these supports hold, they will ramp it up in the broad market as the day goes on. If supports break, its all downhill. <ng> Technicals are Bullish as long as DOW stays above DOW 9,200, SPX above 1,075, COMP stays above 1,720 and NDX stays above 1,400. 5 day RSI confirms Bullishness. Best Regards, J.T.

To: J.T. who wrote (9296)	11/2/2001 2:17:09 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex. Switch 100% from NDX Long VELOCITY to NDX Short VENTURE at tonights close. Switch 100% from SPX Long NOVA to XAU Precious Metals at tonights close. XAU is already above overbought on 5 day RSI but I believe we acn move to triple overbought on 5 day RSI . I am taking a very uncomfortable position here (5 day RSI-wise) and could get whipsawed if da judge thows out GATA case without merit on Monday. XAU technicals are Bullish and all gold JSE Index confirms it. Cycle high 1 day carryover ends with todays close. Have a great weekend everybody. Best Regards, J.T.

To: J.T. who wrote (9296)	11/3/2001 2:21:36 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

Rydex Total Assets Update for Friday, November 2nd 2001: Regular Series: SPX Long - NOVA 267.7 MillionBULLISH SPX Short- URSA 266.0 MillionBULLISH NDX Long - OTC 893.6 Million NDX Short- ARKTOS 88.4 MillionBULLISH XAU Precious Metals 36.1 MillionBULLISH Energy 32.3 Million Banking 15.5 MillionBULLISH Biotech 357.9 MillionBEARISH Money Market 1.238 BILLIONNeutral *************************************** Dynamic Series (200% correlation to Index) SPX Long - TITAN 119.8 Million SPX Short- TEMPEST 142.7 MillionBULLISH NDX Long - VELOCITY 183.2 MillionBEARISH NDX Short- VENTURE 112.2 MillionBULLISH ********************************************* Fund Bought Price Sold Price Profit % Gain NOVA RYNVX 11/01 23.63 11/02 23.74 + .11 + .47% VELOCITY RYVYX 11/01 26.88 11/02 26.94 + .06 + .22% In Rydex Dynamic Series, I am up 21% year to date since opening the account Feb 21. I was up 24.8% thru May 24 and proceeded to hold onto a losing position all the way down to bottom on Sept 21 and for the countertrend up to October 11 in SPX Long TITAN before I took my lumps for a - 31.76% loss for a cumulative loss of -6.9%. I was not actively managing this account during the meltdown. Since October 11, I have gone 6 for 6 winning trades up 27.9% and am now back up + 21% YTD thru todays close. In Regular Series, after being up 11.2% thru May 24, I proceeded to make 3 losing trades that sent me in the red down - 9.3% thru October 10. Since October 10, I have gone 5 for 5 on winning trades and am now up + 4.3% YTD. Current Position Regular Series: 100% XAU Precious Metals Dynamic Series: 100% NDX Short VENTURE Best Regards, J.T.