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 (12708)	6/12/2002 11:15:03 AM
From: yard_man	Read Replies (1) \| Respond to of 19219

since you've been doing this -- how many quadruple oversolds have you seen -- and what does that mean exactly? tia

To: J.T. who wrote (12708)	6/12/2002 11:26:49 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Wednesday, June 12th, 2002: ************* Money Market 1.684 BILLIONBULLISH Double Overbought ************* Regular Series: (100% Correlation to Index (Nova 150%)) SPX Long - NOVA 220.4 MillionBULLISH Double Oversold SPX Short- URSA 332.6 MillionBULLISH Double Overbought NDX Long - OTC 570.1 MillionBULLISH Triple Oversold Near lowest close since October 1998 NDX Short- ARKTOS 148.7 MillionBULLISH Double Overbought ********** Dynamic Series: (200% correlation to Index) SPX Long - TITAN 136.7 MillionBULLISH SPX Short- TEMPEST 216.4 MillionBULLISH Double Overbought NDX Long - VELOCITY 148.2 MillionBULLISH Double Oversold NDX Short- VENTURE 205.7 MillionBULLISH Double Overbought Sector Funds: XAU Precious Metals 69.5 MillionBULLISH Double Oversold XOI Energy 24.4 MillionBULLISH Double Oversold OSX Energy Services 25.4 MillionBULLISH Quadruple Oversold BKX Banking 36.5 MillionBULLISH Double Oversold BTK Biotech 133.3 MillionBULLISH Quadruple Oversold Near New 3 1/2 Year Low RUT 2000 - MIKROS 37.1 MillionBULLISH Quadruple Oversold RLX Retail 25.3 MillionBULLISH Double Oversold Telecommunications 5.2 MillionBULLISH Double Oversold SOX Electronics 59.3 MillionBULLISH Double Oversold ******************************************* DOW 21 day 3 1/2% exponential trading band reins in the bears again as the DOW closes up 100 after being down over 65 points to DOW 9,617.71. SPX closes back above my low target SPX 1,016 - 1,018 and is considered a test of the bottom of the band and one day false break as it closed at SPX 1,021.44 up over 6 points. Tomorrow, no later than Friday, the Bulls begin to mount the major counter-offensive and exact the same measure of pain to the Bears as they have been dishing out over the last several weeks. Significant reversal day today that needs follow thru with increased volume and better breadth tomorrow - no later than Friday close. The next upside gap open right out of the gate tomorrow (or next upside open gap) has a 75% chance of not getting filled or fully filled before a series of upside breakaway gaps follow thru in the days ahead. Buckle up because this ride will carry major centrifugal forces. Regular Series: 100% Long NDX OTC Dynamic Series: 100% SPX Long TITAN Best Regards, J.T.