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

To: J.T. who wrote (10212)	2/9/2002 7:10:58 AM
From: Moominoid	Read Replies (1) \| Respond to of 19219

What were these like during the collapse of the May 2001 rally?

To: J.T. who wrote (10212)	2/10/2002 6:51:05 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Friday, February 8th, 2002: ************** Money Market 1.322 BILLION *********** Regular Series: (100% Correlation to Index (Nova 150%)) SPX Long - NOVA 241.8 MillionBULLISH SPX Short- URSA 291.7 MillionBULLISH NDX Long - OTC 858.7 MillionBULLISH NDX Short- ARKTOS 153.2 MillionBULLISH Near 9/21/01 Highs ********** Dynamic Series: (200% correlation to Index) SPX Long - TITAN 138.8 Million BULLISH SPX Short- TEMPEST 181.3 MillionBULLISH Near All Time Highs NDX Long - VELOCITY 199.7 MillionBULLISH NDX Short- VENTURE 238.4 MillionBULLISH *********** Sector Funds: XAU Precious Metals 90.0 MillionBEARISH Highest Close Since 9/24/01 XOI Energy 12.9 MillionBULLISH Near 2 Year Lows OSX Energy Services 23.6 MillionBULLISH BKX Banking 21.2 MillionBULLISH BTK Biotech 266.1 MillionBULLISH RUT 2000 - MIKROS 73.3 MillionBULLISH RLX Retail 77.7 Million *************************************** How many times do they have to ring the bell at the bottom for the last chance to board the train before it leaves central station? SPX 1,080 was tested 5 separate days with an intraday low of SPX 1,077.78 on Weds Feb 6th and the SPX 1,080.17 the low close on Thurs Feb 7th. MITA post 9883 started discussing SPX 1,080 on January 24th and four days before the first 1080 test in the context of the big picture macro-market perspective and how high we can propel this rocket into orbit from 2002 mid-term 4 year cycle lows to 2003 pre-elction year highs: ...<But I also know the market is a discounting mechanism and the downdraft will be quick and fleeting as it looks into year end and into 2003. It is this next forthcoming bottom in 2002 (which will be a higher bottom vs Sep 21) which will plant the seeds for a monster rally that will lead the DOW roughly 50% higher to the intraday high top in 2003. That is, 2002 intraday low DOW 9,000 will lead us to DOW 13,500 intraday highs in 2003. For COMP 2002 intraday lows COMP 1,700, we could see an 80% increase to the 2003 intraday high top or COMP 3,060. For SPX, 2002 intraday low 1,080, we could see a 40% + higher increase to 2003 intraday highs which will take us to SPX 1,520 + area>... MITA pounded the SPX 1080 message home 10 times and was never mentioned elsewhere until after the fact on January 31st elsewhere with the first test on January 30th: siliconinvestor.com Likewise, MITA post 10,089 first discussed COMP 1,770 support Monday night at midnight after COMP closed at COMP 1,855 ...<For the broad market, I see good elastic support at DOW 9,460 area and COMP 1,770 for intraday lows over the next two trading days before we reverse back up>**... and a total of 4 times before it came to pass: siliconinvestor.com We hit COMP 1,772.15 intraday low Friday and 2-3 points off projected low the same parameters within SPX 1,080 projected lows. SPX and COMP promptly reversed Friday afternoon to book not only session highs for the day, but CLOSING HIGH for the week @ SPX 1,096.22.COMP booked its highest close since Tuesday to close at COMP 1,818.88. The larceny boyz that control our financial destinies masked a late start with the Friday afternoon rally to confound the masses going into option expiration next Friday. Da boyz are gona cash in their chips on the 'long come line' at the window this week and it will net them a fortune. Inventory problems have been adjusted in advance of payday come late this week. We are gona have a melt-up tomorrow, latest Tuesday and the sheep that sold into to last weeks mirage slaughter have no idea how the fleecing will take place as the boyz commence the payday at slaughterhouse five. Regular Series: 100% Long NDX OTC Dynamic Series: 100% Long SPX TITAN Best Regards, J.T.