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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (5290)11/22/2000 7:46:26 PM
From: J.T.  Read Replies (2) of 19219
 
Rydex Total Assets Update for Wednesday, November 22nd:

Regular Series:

SPX Long - NOVA 359.1 Million
SPX Short- URSA 271.8 Million

NDX Long - OTC 2,121 BILLION
NDX Short- Arktos 102.5 Million

XAU Precious Metals 25.1 Million
Biotechnology 546 Million
Money Market 1.465 BILLION

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

Dynamic Series (200% correlation)

SPX Long - TITAN 47.7 Million
SPX Short- TEMPEST 10.6 Million

NDX Long - VELOCITY 94.4 Million
NDX Short- VENTURE 34.7 Million

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

Short on time - heading out of town for the holidays.

I have moved 50% Long to SPX NOVA and Long 50% NDX OTC at tonights close and locked in XAU gain of another 3%.

1)The endgame in this political election circus is now in sight. It is time to get your arse LONG for that anticipated rally.

2)We finally got serious capitulation that I was looking for TODAY. I have not seen SPX Long NOVA at these low total asset levels since October 98' before the blast-off.

3)Double your pleasure (or pain of late)SPX Long TITAN confirms the capitulation as we haven't been below 50 million TA in quite a while. Very significant.

4)NDX Long OTC at lowest total asset levels since October 99 lows.

5)XAU lack of significant increase in total assets suggest the rally could continue. However, I have been burned one too many times waiting the extra day going for the kill. Will keep an eye but the XAU action clearly Bullish- but again going into the full moon tends to peak out.

6)Money Market back above 1.4 billion is Bullish not ideally over 1.6 but this will have to suffice.

7)This will be a stealth counter-trend rally but a rally you should not marry. Short assets should have spiked up and the fact that they did not suggests this is and will continue to be, a guerrilla traders market.

Out until Friday.

Happy Thanksgiving everyone.

Best Regards, J.T.
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