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

To: J.T. who wrote (15484)	12/11/2002 1:40:39 AM
From: High-Tech East	Read Replies (2) \| Respond to of 19219

J.T. ... as you are well aware, my knowledge and experience with TA is a small fraction of yours ... for me, that is a given ... ... however, you keep referring to 1974 as a reference point, which was towards the end of a perfectly awful recession ... today, in late 2002, although the technical conditions you are looking at may lead you to bullish conclusions, the fundamentals today are not at all like 1974 ... the world and the U.S. is in much worse shape now economically and geopolitically , even though to date, all we have had since early 2000 is a severe stock market adjustment accompanied by artificially low interest rates, a minor recession and moderate unemployment ... ... in 1974, our terrible experience in Viet Nam had just ended, Nixon had resigned and there was hope and promise of a new tomorrow ... ... economically, late 2002 has much more in common with 1930 or 1931 ... and by early February, we will have begun a military campaign in the Middle East that probably offers us nothing but trouble and regret long term ... ... if this is the beginning of a new bull market, I will be much amazed and totally wrong in my own analysis ... ... perhaps your big bull call continuing into at least mid-2003 will become a reality, and you will make a lot of money and be a legend on SI ... ... my analysis says caution is the best strategy, and that the exact opposite of what you forecast is much more likely for summer, 2003 ... or at least between now and next July or August ... Ken

To: J.T. who wrote (15484)	12/11/2002 3:46:54 AM
From: lurqer	Respond to of 19219

Rydex Total Assets Update for Tuesday Thanks for the numbers. lurqer

To: J.T. who wrote (15484)	12/12/2002 9:01:24 PM
From: Amots	Read Replies (1) \| Respond to of 19219

JT. Looks like the Rydex XAU longs were right on target (and I'm not one of them -g-). Will be interesting to see tonight numbers. Regards.

To: J.T. who wrote (15484)	12/20/2002 12:36:20 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Thursday, December 19th, 2002: ************** Money Market 1.747 BILLION *********** Regular Series: (100% Correlation to Index (Nova 150%)) SPX Long - NOVA 190.7 Million SPX Short- URSA 607.7 Million NDX Long - OTC 493.8 Million NDX Short- ARKTOS 173.5 Million ********** Dynamic Series: (200% correlation to Index) SPX Long - TITAN 156.3 Million SPX Short- TEMPEST 329.8 Million NDX Long - VELOCITY 192.8 Million NDX Short- VENTURE 321.7 Million ********* Sector Funds: XAU Precious Metals 104.6 Million XOI Energy 29.6 Million OSX Energy Services 48.6 Million BKX Banking 10.7 Million BTK Biotech 150.6 Million RUT 2000 - MIKROS 53.2 Million RLX Retail 17.6 Million Telecommunications 52.7 Million *********************************** COMP 1,540 SPX 965 BKX 830 intraday highs dead ahead in the next week. XAU death spiral down to XAU 63.90 in next week. This was dead wrong on all counts into December 16th. Targets amended to Friday, January 3rd, 2003 as follows: COMP 1,540, SPX 965, BKX 830, XAU 67.90, and DOW 9,090. Best Regards, J.T.