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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (5680)12/21/2000 3:11:40 AM
From: J.T.  Read Replies (4) of 19219
 
Rydex Total Assets Update for Wednesday, December 20th:

Regular Series:

SPX Long - NOVA     373.9  Million
SPX Short- URSA     250.8  Million

NDX Long - OTC      1,766` BILLION
NDX Short- Arktos   96.7   Million

XAU Precious Metals 47.0   Million 
Biotechnology       501    Million
Money Market        1,425  BILLION

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

Dynamic Series (200% correlation)

SPX Long - TITAN    64.4   Million
SPX Short- TEMPEST  17.6   Million 

NDX Long - VELOCITY 110.0  Million
NDX Short- VENTURE  38.3   Million

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

And just when they thought it couldn't go any lower. KABOOM. These PEG models aren't worth their salt when the growth assumptions on which their based is the equivalent of a house built on sand. The new paradigm has now turned into can u spare me a dime. The once stealth economy 'supertanker throughout this bull market culminating in jan thru march this year that abbey jo has so coined has turned into the little tanker that couldn't overnight.

And just as this full blown mania overshot the cow (bear) over the moon, now it will overshoot on the way down as the nasdaq has as of today locked in its all time worst percentage return year ever down over 55%. We still have a week of trading to negate this dubious distinction and honor.

The market is clearly oversold and if we manage to be down in the last hour of trading I may go long for a 1-3 day countertrend bounce and lock in recent XAU run-up.

Best Regards, J.T.
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