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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (5588)12/15/2000 2:38:15 AM
From: J.T.  Read Replies (2) of 19219
 
Rydex Total Assets Update for Thursday, December 14th:

Regular Series:

SPX Long - NOVA     433.5  Million
SPX Short- URSA     256.2  Million

NDX Long - OTC      2,111` BILLION
NDX Short- Arktos   81.7   Million

XAU Precious Metals 43.7   Million 
Biotechnology       552    Million
Money Market        1,389  BILLION

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

Dynamic Series (200% correlation)

SPX Long - TITAN    79.8   Million
SPX Short- TEMPEST  11.8   Million 

NDX Long - VELOCITY 142.5  Million
NDX Short- VENTURE  31.0   Million

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

We welcome new members to the family of negative pre-announcements; MSFT, JPM, UPS and FDX among others. I thought we would get this 1-2 day bounce and today JPM put the early cabosh on it early as supports broke on BKX that spilled over into SPX and DOW et al. With FDX and UPS rev shortfall the TRAN got whacked real good

The irony of it all is really no Bull gurus like Abbey Jo or Joey B. are downgrading these lofty market index prognostications that first were for year-end and now pushed into the first quarter.

Rydex money again shows the the large spec investing public is expecting to ride this rally that is yet and will not materialize beyond insignificant trivial returns. And this assumes they take profit on any conter-trend rally. Doubtful considering the cobra has them mesmerized by the buy and hold mantra that no longer works. This is the time to be flipping pancakes and guerrilla trading is the only way to win in this market environment.

Case in point again today: Rydex NDX Short Arktos total assets actually decrease in the face of Naz bloodbath today. And look at the 4 short funds there is no significant shift into the Bear Funds.

The one minor case for the Bulls is money market assets have spiked back up to almost 1.4 billion from a mere 750 million only 3 trading days ago. Bi-polar schizophrenia no doubt.

I have remained on the hostage train 50% SPX Long for another day and remain 50% in XAU Precious Metals..

Oh but the Jan BRCM puts are oh so sweet and more than makes up for this losing SPX day.

To: J.T. who wrote (5548)
From: J.T. Monday, Dec 11, 2000 1:05 PM ET
Reply #5554 of 5613

Bought NEM at 15 7/8.
Bought BRCM Jan 125 puts.

Best Regards, J.T.
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