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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (5244)11/14/2000 2:40:47 AM
From: J.T.  Read Replies (2) of 19219
 
Rydex Total Assets Update for Monday, November 13th:

Regular Series:

SPX Long - NOVA     414.2  Million
SPX Short- URSA     253.2  Million

NDX Long - OTC      2,290  BILLION
NDX Short- Arktos   96.9   Million

XAU Precious Metals 23.2   Million 
Biotechnology       636    Million
Money Market        1.496  BILLION

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Dynamic Series (200% correlation)

SPX Long - TITAN    36.0   Million
SPX Short- TEMPEST  23.4   Million 

NDX Long - VELOCITY 92.3   Million
NDX Short- VENTURE  29.3   Million

*********************************************

1)We have finally capitulated in the SPX Long Funds. Look at Dynamic SPX Long TITAN shaved in more than half from Friday's total asset close. NOVA confirms this as we rarely get at/below 400 million in total assets.

2)NDX Long OTC has also confirmed capitulation as total assets closed below 2.4 billion back to back for the first time since last year.

3)Money Market still not above 1.6 Billion, but BTK got whacked for a decrease of 100 million in total assets.
************************************************

For tomorrow, do not be surprised if we gap up at the open, potentially go back and retrace most if not all of the gap, move back higher again... and where it goes from there is a flip of the coin-

For the market to do bidding for me tomorrow- (it rarely does)- I would like to see a second close below COMP 3,000 tomorrow combined with SPX closing above todays intraday lows of SPX 1,328. Why? This would be the perfect set-up for complete capitulation in total assets rydex funds at tomorrows close after the bell. If this scenario plays out, I will go long prior to the close tomorrow (Tuesday)in both the NDX and SPX for a hard 1-2 day relief rally in rydex. Right into Mr G. fed meeting on Wednesday.

Best Regards, J.T.
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