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


To: J.T. who wrote (9495)11/23/2001 11:19:23 PM
From: macavity  Read Replies (1) | Respond to of 19219
 
J.T.


I have not been following gold, but I cannot see why you are bullish it.
I see an XAU target of 47/46 or so.
As we have retraced 2/3 of the rise from the lows the 42 level is even on the cards.
Most stock trendlines/supports are busted and the weekly trend is definitely down.

I feel that we could be making a long-term bottom to end the multiyear bear but money has been flowing out of these stocks since Sept.

XAU, like bonds, may end the year flat or small up/down. A doji year?

good luck, anyway.

-macavity



To: J.T. who wrote (9495)11/26/2001 9:55:58 PM
From: J.T.  Read Replies (1) | Respond to of 19219
 
Rydex Total Assets Update for Monday, November 26th 2001:

Regular Series:

SPX Long - NOVA 313.1 Million**BEARISH
SPX Short- URSA 214.1 Million
NDX Long - OTC 1.072 BILLION**BEARISH
NDX Short- ARKTOS 73.9 Million**BEARISH

XAU Precious Metals 24.1 Million**BULLISH Near 3 year low
Energy 15.7 Million**BULLISH Near New 52 week low
Banking 37.8 Million**BULLISH
Biotech 406.1 Million**BEARISH
Money Market 1.197 BILLION

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

Dynamic Series (200% correlation to Index)

SPX Long - TITAN 165.6 Million**BEARISH
SPX Short- TEMPEST 111.3 Million**BULLISH

NDX Long - VELOCITY 257.4 Million**BEARISH
NDX Short- VENTURE 93.5 Million**BULLISH

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

Regular Series: 100% XAU Precious Metals
Dynamic Series: 100% NDX Short VENTURE

Best Regards, J.T.