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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (5281)11/21/2000 2:23:58 AM
From: J.T.  Read Replies (2) of 19219
 
Rydex Total Assets Update for Monday, November 20th:


Regular Series:

SPX Long - NOVA 407.1 Million
SPX Short- URSA 289.2 Million

NDX Long - OTC 2,198 BILLION
NDX Short- Arktos 120.2 Million

XAU Precious Metals 23.2 Million
Biotechnology 539 Million
Money Market 1.396 BILLION

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Dynamic Series (200% correlation)

SPX Long - TITAN 82.2 Million
SPX Short- TEMPEST 9.5 Million


NDX Long - VELOCITY 100.5 Million
NDX Short- VENTURE 27.7 Million

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

Working backward first:

1)Look at SPX Long and short funds in the double your pain dynamic series: Long fund total assets increased and short assets decreased to its lowest levels since????

What kind of pipe are these large speculators smoking?

The only thing I can think of is they are trying to play the pre-turkey holiday rally. Ain't gona be no rally if FLA supreme court rules in favor of manual vote count - a seeming liklihood.

2)Money market levels show no fear as we are nowhere near close to 1.6 Billion

3)Regular Series NDX Long finally shows capitulation as it has recorded its lowest total asset levels since last year. But this is not confirmed by the newer "hot" money in the NDX Long TITAN as it is still over 100 million.

4)Biotechnology fund is starting to have the wheels come off total assets failing like the rain. And that ain't no pennies from heaven.

Still long 100% XAU Precious Metals Fund until further notice.

Best Regards, J.T.
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