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 (3271)	5/24/2000 11:58:00 PM
From: J.T.	Read Replies (1) of 19219

Rydex Total Assets Update for Wednesday May 24: SPX Long - NOVA 450 Million SPX Short- URSA 323 Million NDX Long - OTC 2.650 BILLION NDX Short- Arktos 133 Million Money Market 1.348 BILLION -------------------------------------- Yesterday was capitulation and extremes were well documented in Money movement in this Rydex family microcosm. Still, NDX Long OTC levels today suggest continued fear and trepidation to get back in. This is good contrary indicator and we should get that consecutive back to back rally tomorrow. I think when you see levels reach 3.1 BILLION you will see a pullback. Time to let it ride. Tomorrow higher closes suggest Let the summer rally begin... Bring it. Best Regards, J.T.

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