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 (3441)	6/6/2000 10:20:00 PM
From: J.T.	Read Replies (1) of 19219

Rydex Total Assets Update for Tuesday, June 6th: SPX Long - NOVA 626 Million SPX Short- URSA 318 Million NDX Long - OTC 3.121 BILLION NDX Short- Arktos 117 Million XAU Index - Precious Metals 64 Million Money Market - 1.230 BILLION Contrary to what Bulls think, money continues to be positioned heavily on the long side despite two day losses in both NDX and SPX. SPX has given up 3/4 of Friday's gains and NDX has given up nearly half. Also, the new Rydex Dynamic Funds, which have a 200% total return correlation (or inverse correlation if you go short) to the SPX and NDX, show total assets in the SPX is more than 2 to 1 Long while NDX is almost 3 to 1 invested Long. THIS IS NEW MONEY... Not comforting news for Bulls. Au Contrare continues DOWN tomorrow again??... NO FEAR.... Precious Metals assets slowly creep higher but the conviction still isn't there - a Bullish Contrary indicator. Tomorrow is a critical day for the Bulls to stop the two day losing streak. Best Regards, J.T.

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