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 (3246)	5/23/2000 10:35:00 PM
From: J.T.	Read Replies (5) of 19219

Rydex Total Assets Update for Tuesday May 23: SPX Long - NOVA 427 Million SPX Short- URSA 378 Million NDX Long - OTC 2.477 BILLION (below magic 2.6 Billion) NDX Short- Arktos 179 Million Money Market - 1.640 BILLION Rydex OTC NDX Long is at the lowest levels since I have been keeping close track and Arktos NDX Short at the highest levels. Today was a day of utter capitulation by Bulls in tech land and looking for any respite in the land of the desert. One more ugly day like today and you will see parity between long and short in the SPX 500 index. We are at levels that suggest near term bottom and bounce... Best Regards, J.T.

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