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

To: J.T. who wrote (9385)	11/8/2001 11:20:25 PM
From: Softechie	Read Replies (1) \| Respond to of 19219

Don't you think Naz will fill the 1650 gap before attacking 2000 level? There's a major resistance line at 1934. Take a look at this chart: saavycharts.com

To: J.T. who wrote (9385)	11/9/2001 3:41:16 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

Rydex. I have switched 100% from NDX Short Arktos to Money Market at tonights close. I will stay Short in NDX VENTURE. Best Regards, J.T

To: J.T. who wrote (9385)	11/10/2001 1:21:47 AM
From: J.T.	Read Replies (4) \| Respond to of 19219

Rydex Total Assets Update for Friday, November 9th 2001: Regular Series: SPX Long - NOVA 271.5 MillionBULLISH SPX Short- URSA 238.2 MillionBULLISH NDX Long - OTC 968.7 MillionBEARISH NDX Short- ARKTOS 87.8 MillionBULLISH XAU Precious Metals 29.4 MillionBULLISH Energy 36.7 Million Banking 26.7 MillionBULLISH Biotech 365.6 MillionBEARISH Money Market 1.337 BILLION *************************************** Dynamic Series (200% correlation to Index) SPX Long - TITAN 120.9 MillionBEARISH SPX Short- TEMPEST 133.0 MillionBULLISH NDX Long - VELOCITY 189.4 MillionBEARISH NDX Short- VENTURE 125.5 MillionBULLISH Near All Time High ***************************************** NDX Short VENTURE is near all time highs after the NDX has had a solid run higher and is now consolidating gains. Technically NDX is very Bullish and sentiment picture via Venture TA confirms it. But NDX is still above overbought on 5 day RSI @ 71.70. I would like to see a pullback on Monday to get below overbought range RSI-wise, but we could easily go to double or triple overbought levels and market could scream higher before exhaustion sets in. I am not comfortable in Venture Fund as I am looking for the market to do my bidding for me with a pullback to COMP 1,760 - 1,770 range (NDX 1,440 - 1,450). NDX closed up 4 points to NDX 1,514.96. XAU closed up 85 cents @ XAU 54.72 but JSE broke gapside down to close at JSE 1,341.70 down 29 points and right above my support 1,334.50. So for Monday XAU and JSE should converge in the same direction which I have been expecting down. Conversely, it must be noted the new moon arrives next Thursday November 15 which we know historically has been favorable to gold/gold stocks more often than not. Money Market levels have been quietly creeping back toward oversold 1.4 Bil TA... and this is Bullish especially after the run up and consolidation of gains. Again, one down day would be perfect shake and bake to get MM back above 1.4 bil and relieve overbought 5 day RSI levels... I would then of course blow out of my NDX Short Venture position for the next leg up toward the mesmerizing COMP 2,000 level. I just hope the Long train doesn't leave without me on Monday. Fund Symbol Bought Price Sold Price Gain % Gain Arktos RYAIX 11/06 32.40 11/09 32.63 + 0.23 + 0.7% Regular Series: 100% Money Market Dynamic Series: 100% NDX Short VENTURE Best Regards, J.T.