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 (5008)	10/16/2000 2:34:15 AM
From: J.T.	Read Replies (1) of 19219

Rydex Total Assets Update for Friday, October 13th: SPX Long - NOVA 401 Million SPX Short- URSA 308.4 Million NDX Long - OTC 2,687 BILLION NDX Short- Arktos 133.5 Million XAU Precious Metals 26.3 Million Biotechnology 602 Million Money Market 1,274 BILLION *********************************************** Dynamic Series: SPX Long - TITAN 50.5 Million SPX Short- TEMPEST 18.3 Million NDX Long - VELOCITY 83.2 Million NDX Short- VENTURE 60.5 Million *********************************************** 1)NOVA back above 400 mill in assets for the firs time in 4 trading days on the hard bounce. It needs a second close above this on Monday to confirm which should not be a prob. 2)URSA stays in a relative flatline asset position over the past 7 trading days b/w 306-316 million...Remember, the low was 269.9 mill before the SPX broke hard on 10/5...248 million is the low set on 9/1 so as the market gets stronger into the next several weeks look for an assault on this low level... 3)XAU Precious Metals have been spanked down to 26.3 million. 25.7 mill is the most recent low...Below 25 million is a screaming buy... complacency abounds... 4)Money Market shrinks to its lowest level since 9/7...Below 1 million will signal a 1 - 2 day pullback is on deck... I have found reading low mm levels in rydex signals for me to take profits in individual issues...with a chance to re-enter at lower prices...(good option indicator when to sell into strength the next day or two after the read below 1 bill) 5)SPX Long TITAN GA group got their bounce and 27 million bolted the long fund on the strong up day... lol. the fund dropped down to 51 million from 78 million only 1 earlier on a 45 point gain in the spx...At SPX 95 mill were long, now at SPX 1,374 50 mill are long... casaubon now you know these are large speculators in this rydex double play fund... 6)Dynamic NDX long/Short ends its inversion for the first time in 5 trading days... Tomorrow I will get back to technical analysis of the indices and pass the baton to bobby bearra on rydex funds... Best Regards, J.T.

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