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 (3529)	6/15/2000 10:55:00 PM
From: J.T.	Read Replies (2) of 19219

Rydex Total Assets Update for Thursday June 15th: SPX Long - NOVA 710 Million SPX Short- URSA 266 Million NDX Long - OTC 3.329 BILLION NDX SHort- Arktos 93 Million XAU - Precious Metals 60 Million Money Market 1.037 BILLION Considering 1) being down a good part of the morning and 2)the late small whipsaw that occurred in both NDX and SPX the last 45 minutes and with less than 20 minutes before fund switching deadline decisions are made (by 3.45 eastern- 15 min before the bell).... It is incredible that the assets held firm and nobody blinked switching funds. If we have even one melt--up day tomorrow the capitulation will rear its head from the short funds. Also, look for cash levels to deplete in the money market fund below 800 Million. Nothing more to add. Good Night. Best Regards, J.T.

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