Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: J.T. who wrote (12159)	5/9/2002 11:33:42 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Thursday, May 9th, 2002: ************* Money Market 1.724 BILLIONBULLISH Double Overbought Higher TA before 1 day Melt-Up ************* Regular Series: (100% Correlation to Index (Nova 150%)) SPX Long - NOVA 221.6 MillionBULLISH SPX Short- URSA 297.9 MillionBULLISH NDX Long - OTC 655.4 MillionBULLISH Double Oversold NDX Short- ARKTOS 134.2 MillionBULLISH ********** Dynamic Series: (200% correlation to Index) SPX Long - TITAN 109.5 MillionBULLISH SPX Short- TEMPEST 178.5 MillionBULLISH NDX Long - VELOCITY 149.5 MillionBULLISH Oversold NDX Short- VENTURE 207.9 MillionBULLISH Overbought Sector Funds: XAU Precious Metals 87.4 MillionBEARISH XOI Energy 39.5 MillionBULLISH OSX Energy Services 83.5 MillionBEARISH BKX Banking 57.8 Million BTK Biotech 165.6 MillionBULLISH Triple Oversold RUT 2000 - MIKROS 122.1 MillionBULLISH RLX Retail 23.1 MillionBULLISH Triple Oversold Telecommunications 5.3 MillionBULLISH Double Oversold ******************************************* After cranking it up to Meatloaf "Two Out of Three Ain't Bad", this pullback gave wot few believers a chance to get back in on this nasty day...And the Rydex verdict is in... Oh yee of little faith... MM levels higher than before the one day rocket, SPX Long and Short Funds right back to giving up the ghost, NDX doing the tango, RUT, Biotech and Retail TA toasted on the whipsaw... Tomorrow is the rubber match... and this 2 outta 3 lays the lumber on the Bulls. I leave this intact from last night's Rydex: Market is going higher. I expect the SPX to hit SPX 1,112, COMP 1,755 and DOW 10,370 intraday highs within the next few days. Bearish sentiment and skepticism is alive as just as many were trying to pick bottoms, so also many are now looking and anticipating that rally to short into that has been rewarded to pavlovs dogs over the last eighteen months just like the buy the dipsters were rewarded in the new paradigm bubble melt-up. Regular Series: 100% Long NDX OTC Dynamic Series: 100% SPX Long TITAN Best Regards, J.T.