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

To: J.T. who wrote (14932)	11/1/2002 9:02:37 AM
From: Killswitch	Respond to of 19219

JT we will see if the AAII numbers turn out to be useful, did you see the latest ones? Message 18181703 To me, it looks like rather than attempt to climb the wall of worry, the bulls just plain ignored it and jumped over it, and the bears capitulated. This is the biggest/quickest move back to bullishness in something like 15 years. All I see here is the market setting itself up for a very painful end of year down move as all these renewed bulls are forced to capitulate yet again in the face of a worsening economy. Have you been watching the move in the Dollar Index lately?

To: J.T. who wrote (14932)	11/1/2002 9:04:48 AM
From: Killswitch	Read Replies (1) \| Respond to of 19219

Check this link from Les, I think it is important. Message 18182638

To: J.T. who wrote (14932)	11/7/2002 12:50:47 AM
From: J.T.	Read Replies (4) \| Respond to of 19219

Rydex Total Assets Update for Wednesday, November 6th, 2002: ************** Money Market 1.471 BILLION *********** Regular Series: (100% Correlation to Index (Nova 150%)) SPX Long - NOVA 240.4 Million SPX Short- URSA 366.6 Million NDX Long - OTC 636.5 Million NDX Short- ARKTOS 122.8 Million ********** Dynamic Series: (200% correlation to Index) SPX Long - TITAN 233.7 Million SPX Short- TEMPEST 257.4 Million NDX Long - VELOCITY 281.0 Million NDX Short- VENTURE 209.9 Million ********* Sector Funds: XAU Precious Metals 65.8 Million XOI Energy 24.6 Million OSX Energy Services 49.0 Million BKX Banking 22.1 Million BTK Biotech 170.5 Million RUT 2000 - MIKROS 85.1 Million RLX Retail 22.7 Million Telecommunications 44.8 Million ***************************************** Is this next impending pullback the last chance to board the long train at discount prices before the train leaves grand central station? Since October 9 bottom, Lowry's Selling Pressure Index has declined substantially and the Buying Power Index has increased smartly. Nearly ten years ago, at the beginning of January 1993 the DOW closed at DOW 3,300 and sported a 44 P/E Ratio. Today, November 2002, the DOW closed at DOW 8771 and sports a 22 P/E Ratio. Few see supercycle epicenter wave 3 dead ahead and only near the end of this last recognition wave will the grand finale torment commence. To be fair to the Bears, the SPX traded at a 24 P/E in 1993 and trades at a 34 P/E Ratio today. Nevertheless, roll back the clocks we will have one more dance to party likes its 1999. Laissez les bons temps rouler! Best Regards, J.T.