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

To: bobby beara who wrote (15871)	1/22/2003 11:54:55 PM
From: mishedlo	Respond to of 19219

BB - sold my DJX and SPX puts today. QQQ puts yesterday. Bring on the rally. SPX 900 is a gift short if it can get there. QQQ 26 is a gift short as well. Let's see what the bulls have. I am 100% in favor of a rally here. Gold wedging up nicely as well. Stock market rally and a gold stok rally as well would really make me happy. M

To: bobby beara who wrote (15871)	1/23/2003 1:03:08 AM
From: J.T.	Read Replies (3) \| Respond to of 19219

I agree. The time to go long is into the window of death. I sold my golds and gold calls this afternoon for profit and bought tech and tech calls in the last hour. I see gold is up tonight, but gold stocks have been diverging, hence I took profits and rotated back in for the launch up now I have pegged into lows Jan 21-24 (we shall soon see). Bullion keeps making new highs but golds stocks hit their highs Jan 3, 6 and the gold stocks are trading heavy. Maybe this will change tomorrow, but I didn't want to wait around. I have always been early legging into countertrends, but maybe I got lucky this afternoon spot on. By the way, Rydex numbers have ballooned on the short side even more tonight. Easily greater than 3/1 short over long in Ursa/Nova and Tempest/Titan and just under than 2.5/1 Venture/Velocity.