MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (2969)	5/16/2000 9:29:00 PM
From: J.T.	Read Replies (4) of 19219

Rydex Total Assets Update for May 16th: SPX Long - NOVA 705 Million SPX Short- URSA 347 Million NDX Long - OTC 3.17 BILLION NDX Short- Arktos 114.5 Million This is the first back to back consecutive 700 Million + in the SPX Long Fund since I believe January. Money Market Cash levels are down from 1.4 BILLION to 970 Million in the last 5 trading days. What does it all mean??? The boomers have put the money to work LONG and the rug is going to get pulled on the masses again over the very near term. My bet is that it starts tomorrow. A very contrary indicator indeed. DOWN WE GO. Best Regards, J.T.

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