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

To: J.T. who wrote (12778)	6/13/2002 3:54:16 PM
From: High-Tech East	Read Replies (1) \| Respond to of 19219

<<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>> ... I hope you are correct ... ... dollar closed up some today, and gold is down some ...

To: J.T. who wrote (12778)	6/14/2002 1:02:44 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

Rydex Total Assets Update for Thursday, June 13th, 2002: ************* Money Market 1.784 BILLIONBULLISH Triple Overbought Near All Time Highs ************* Regular Series: (100% Correlation to Index (Nova 150%)) SPX Long - NOVA 183.7 MillionBULLISH Triple Oversold SPX Short- URSA 339.2 MillionBULLISH Double Overbought NDX Long - OTC 561.1 MillionBULLISH Triple Oversold Lowest close since October 1998 NDX Short- ARKTOS 151.4 MillionBULLISH Double Overbought ********** Dynamic Series: (200% correlation to Index) SPX Long - TITAN 78.7 MillionBULLISH Double Oversold SPX Short- TEMPEST 235.3 MillionBULLISH Double Overbought NDX Long - VELOCITY 134.9 MillionBULLISH Double Oversold NDX Short- VENTURE 225.0 MillionBULLISH Double Overbought Sector Funds: XAU Precious Metals 69.8 MillionBULLISH Double Oversold XOI Energy 26.0 MillionBULLISH Double Oversold OSX Energy Services 24.4 MillionBULLISH Quadruple Oversold BKX Banking 30.9 MillionBULLISH Double Oversold BTK Biotech 132.9 MillionBULLISH Quadruple Oversold Near New 3 1/2 Year Low RUT 2000 - MIKROS 28.2 MillionBULLISH Quintuple Oversold RLX Retail 17.2 MillionBULLISH Triple Oversold Telecommunications 5.4 MillionBULLISH Double Oversold SOX Electronics 45.2 MillionBULLISH Double Oversold ******************************************* DOW 21 day 3 1/2% exponential trading band getting tested a third time in the last five trading days as the DOW closed at DOW 9,502.80 down 115. For the Bears, it is three strikes and ur out. The DOW should hold above DOW 9450 on a close tomorrow as this is the bottom of the band. Once the DOW takes out DOW 9,650 on the upside the counter launch will gain traction. Today BKX got taken out back to the woodshed on the Merrill lowering revenue forecast by 3% and BKX closed down 18 to BKX 823.20. Its lowest close since Feb 28. BKX needs a close back above BKX 835 in order to get back above BKX 858 to apply the tourniquet pressure to stop the bleeding. SPX closes back below my low target SPX 1,016 - 1,018 and is considered a second test of the bottom of the band and another one day false break as it closed at SPX 1,009.56 down 10 + and a 2002 new low. I expect the SPX to pop back up tomorrow at or above the SPX 1,016 - 1,018 band on a close. Bulls are abandoning long funds and sector funds in droves like the end of the world is coming into play. Nothing could be further from the truth. Any student of history who keenly listens to the winds of change and has recognized what has transpired in the last week not only in the market but equally important the geo-political events will fully comprehend that all systems are go for the monster leg up. Don't bother asking what I am talking about as I am in no giving mood. The market is simply groping for a higher bottom. Once the final test of the lows get booked and the Bear exhausts its last breath, the four year cycle low will be complete. And it will be upward and onward as those who missed the last Bull run will have another opportunity to amass wealth at significant discounted prices. Capitulation is working overtime. Rydex Money Market TA near All time highs. Ex OTC/Arktos, Long/Short Funds at 2/1 in favor of the Bears. Regular Series: 100% Long NDX OTC Dynamic Series: 100% SPX Long TITAN Best Regards, J.T.