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

To: J.T. who wrote (14748)	10/8/2002 4:40:33 PM
From: yard_man	Respond to of 19219

so we get new lows for NDX, but fall just shy of new lows for SPX and DJX as we put in the bottom -- I think someone else favored that sceanrio, too -- interesting.

To: J.T. who wrote (14748)	10/8/2002 5:13:46 PM
From: dvdw©	Read Replies (1) \| Respond to of 19219

Interesting JT thanks for posting that. Short positions now represent 93% of Money market assets. What does it mean if this goes to 1 to 1 relationship? All those shorts are IOU's to Buy, IOU's that are paid from MM assets? With the new lows being what they are, I'd say the value is near perfect.

To: J.T. who wrote (14748)	10/9/2002 2:24:28 PM
From: lurqer	Read Replies (2) \| Respond to of 19219

In case you haven't seen Message 18092454 'Course it doesn't say whether we have a blip and a dip before. lurqer

To: J.T. who wrote (14748)	10/10/2002 9:56:00 AM
From: Killswitch	Respond to of 19219

JT, perhaps I'm premature here, but with the break of SPX 775 intraday it ain't looking like 1974 out there.

To: J.T. who wrote (14748)	10/10/2002 6:05:18 PM
From: ru2	Respond to of 19219

Thanks J.T. you are really doing everyone here a big favor by posting these numbers. R

To: J.T. who wrote (14748)	10/28/2002 9:55:19 AM
From: J.T.	Read Replies (4) \| Respond to of 19219

NYSE Members massive accumulation ala 1974 redux continues as 1.63 BILLION shares have now been bought and buried since February 15 reporting week. In the latest week thru October 11th (delayed 2 weeks), 67 million more shares were bought and buried. In the most stringent test of all we have had the public shorting above the NYSE Members for 7 weeks in a row. THIS NEVER HAPPENED ONCE in 1974. And the inmates have piled on short above the smart money 14 out of the last 20 reporting weeks. Or if you prefer 17 out of the last 35 weeks. In 1974, Total short sales peaked in the October bottom in the October 11 1974 reporting week. In 2002, total short sales peaked into the July 26 reporting week bottom. Short sales this past reporting week into the October double bottom did not exceed the July bottom. 2002 Net balance index has reported net buying in 29 out of the last 35 weeks - the exact same figure as 1974 over the 35 week period. 1974 went on to record 39 out of 47 weeks net positive buying by the NYSE members. What does it all mean? The elusive BOTTOM has come and gone and most will miss this continued massive leg up as it frustrates those trying to get on board the long train on any pullback. Best Regards, J.T.

To: J.T. who wrote (14748)	11/1/2002 2:10:50 AM
From: J.T.	Read Replies (3) \| Respond to of 19219

Rydex Total Assets Update for Thursday, October 31st, 2002: ************** Money Market 1.619 BILLION *********** Regular Series: (100% Correlation to Index (Nova 150%)) SPX Long - NOVA 214.3 Million SPX Short- URSA 388.6 Million NDX Long - OTC 540.8 Million NDX Short- ARKTOS 133.1 Million ********** Dynamic Series: (200% correlation to Index) SPX Long - TITAN 181.6 Million SPX Short- TEMPEST 294.8 Million NDX Long - VELOCITY 233.3 Million NDX Short- VENTURE 240.9 Million ********* Sector Funds: XAU Precious Metals 53.7 Million XOI Energy 21.9 Million OSX Energy Services 24.5 Million BKX Banking 20.1 Million BTK Biotech 154.8 Million RUT 2000 - MIKROS 58.9 Million RLX Retail 23.3 Million Telecommunications 24.9 Million ***************************************** October stock market returns rocket higher and there are few believers. The bulls are few as they are made the butt of jokes. I love it when MITA board is dead asleep. The Dow gains 10.6% for the month of October - the highest return in the DOW since - oops the year the Bull market took off in 1982 when it gained 10.7% in October. And for those elliott wave technicians who use 1974 as the benchmark the great bull market began, the market gained 9.5% for the Dow in October 1974. The SPX gained 8.6% for October 2002. In October 1982 it gained 11% and in 1974 it gained 16.3%. And just as the SPX pierced 775 and lower lows guaranteed another meltdown by the bears and caught em leaning the wrong way, so too COMP intraday high today 1347.58 has been pierced on the upside today from the September 11 COMP 1347.27 intraday high with the phantom double top. Tomorrow is rope a dope day as the closing prices will have little impact on the final outcome of the continued impending melt-up which will rocket higher into the summer of 2003 at the very least. Die hard believers in investors intelligence need to question the wild gyrations in the numbers the last several weeks as these numbers are jumping around as bad as AAII sentiment numbers which have been rendered almost useless. Investors intelligence numbers analysis need only look at yearend 1974 and into 1975 for detailed analysis. Also, II numbers stayed extremely high in the mid to late 80s even after the 87 crash as a brief bullish reading respite soared back to extreme high bullish readings as the market climbed a wall of worry to continuous new highs. Best Regards, J.T.