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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (5736)12/22/2000 3:01:02 AM
From: J.T.  Read Replies (2) of 19219
 
Rydex Total Assets Update for Thursday, December 21st:

Regular Series:

SPX Long - NOVA 398.6 Million
SPX Short- URSA 244.7 Million

NDX Long - OTC 1,772` BILLION
NDX Short- Arktos 89.8 Million

XAU Precious Metals 46.0 Million
Biotechnology 502 Million
Money Market 1,296 BILLION

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

Dynamic Series (200% correlation)

SPX Long - TITAN 71.9 Million
SPX Short- TEMPEST 15.9 Million

NDX Long - VELOCITY 118.9 Million
NDX Short- VENTURE 37.1 Million

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

It is 15 degrees below ZERO with wind chill over 30 below. It is friggin cold here in Badgerland and my brain ain't workin.

Tomorrow we have a 67% chance of being up thanks to 50 years of data by Stock Traders Almanac and considering we are still deeply oversold and in positive seasonal day tomorrow - it is a slam dunk to be LONG the Rydex NDX 100 OTC.

NDX Long OTC Total Assets are clearly at capitulation levels and we should bounce back above 1.9 Billion before moving back down.

Historically, the last trading day before Christmas and the first trading day after Christmas bode very well for the market as it has a 73% chance of being UP. However, this long trade is a one night stand quickie. I don't like bad surprises after the bell tomorrow only to come back and give up smart gains.

My bwain just froze up. Back tomorrow.

100% Long NDX OTC for the counter-trend santa trade.

Best Regards, J.T.
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