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

To: J.T. who wrote (9619)	12/22/2001 12:02:01 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

Rydex Total Assets Update for Friday, December 21st 2001: Regular Series: SPX Long - NOVA 284.5 Million SPX Short- URSA 234.3 Million NDX Long - OTC 1.019 BILLIONBEARISH NDX Short- ARKTOS 72.8 MillionBEARISH XAU Precious Metals 46.5 MillionBEARISH Energy 20.8 MillionBULLISH Banking 23.5 MillionBULLISH Biotech 392.8 MillionBEARISH Money Market 1.161 BILLIONBEARISH Overbought *************************************** Dynamic Series (200% correlation to Index) SPX Long - TITAN 163.7 MillionBEARISH SPX Short- TEMPEST 127.9 MillionBULLISH NDX Long - VELOCITY 218.9 MillionBEARISH NDX Short- VENTURE 141.6 MillionBULLISH ******************************************* Today the market rocketed higher right out of the box with orbital propulsion that if you weren't long your money was gona get sucked in long from cash or short positions by days end. Shrinking Rydex Money Market levels confirm it as does a 90 million TA increase in SPX Long Funds. Trouble is, there was no knock out punch for the Bulls even though the market closed higher roughly right were it opened and traded ten minutes after the bell. DOW closed up 50, COMP up 27 NDX up 21 and SPX up 5. It seemed like a second fiddle hollow victory of sorts for da bullz as it had every opportunity to close much higher. XAU closed down 61 cents after trading higher all day to close at XAU 54.98. XAU has been trading like ping pong the last four days as it has closed literally at the top, then bottom, then top and today bottom tick the last four trading days. Johannesburg All Gold Index completed its (First?) parabolic blowoff two days after I thought the top was in. On Thursday, JSE closed at a record high 2,028.60 after Wednesday's record close JSE 1,959.70. Today, JSE pulled an ominous double outside reversal day where it had a higher high and lower low over the previous two trading days to close at JSE 1,882.60 down 146. Todays close is a warning shot across the bow for gold and gold stocks that some major move is imminent since JSE is the lead gold sled dog index. Why? JSE 1,882.60 close is lower than Tuesdays close JSE 1,884.20 all in the framework of the double outside reversal registered within Weds and Thurs trading day. Regular Series: 100% Money Market Dynamic Series: 100% NDX Short VENTURE Best Regards, J.T.