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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (3776)7/13/2000 12:26:42 AM
From: J.T.  Read Replies (1) of 19219
 
Rydex Total Assets Update for Wednesday, July 12th:

Dynamic Series Update 200% correlation to market:

SPX Long - TITAN 17 Million
SPX Short- TEMPEST 18.6 Million

NDX Long - VELOCITY 52.8 Million
NDX Short- VENTURE 17.2 Million


**Lookie here. Not much change in the numbers. HIGHER WE GO TOMORROW in the NASDAQ.

**DOW is approaching extreme overbought with 5 day RSI at 79.26 - we can still go higher but DOW 11,000 is the wall nearterm before small pullback if we can take out 10,815.

SPX 5 day RSI at 72.87 so I think we can take out this SPX 1,500 level tomorrow.

NDX 5 day RSI at 64.75 so we definitely have room for upside growth. IIX mirrors this at 5 day RSI at 63.19.
************************************************

Regular Series:

SPX Long - NOVA 707 Million
SPX Short- URSA 295 Million

NDX Long - OTC 3.536 BILLION
NDX Short- Arktos 85.5 Million

XAU Precious Metals 45.7 Million
Money Market 819 Million

SPX still not at 3/1 ratio. NDX still has room to shroom to 3.8 Billion. I see cash has come down below 820 million.

Let's take it higher tomorrow and bring on the capitulation going into Friday's PPI #'s.

Best Regards, J.T.
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