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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (6474)2/6/2001 9:44:23 AM
From: J.T.  Read Replies (4) of 19219
 
Rydex Total Assets Update for Monday, February 5th 2001:

Regular Series:

SPX Long - NOVA 483.0 Million
SPX Short- URSA 231.5 Million

NDX Long - OTC 1,947 BILLION
NDX Short- Arktos 65.2 Million

XAU Precious Metals 49.2 Million
Banking 94.9 Million
Biotechnology 427 Million
Money Market 1,157 BILLION

*******************************************
Dynamic Series (200% correlation)

SPX Long - TITAN 113.2 Million
SPX Short- TEMPEST 33.4 Million

NDX Long - VELOCITY 156.5 Million
NDX Short- VENTURE 45.9 Million

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

Rydex reporting late and incorrect data. Called trading for correct figures this morning.

From MITA 6,419:
...<NDX has good support at NDX 2,460 on a closing basis. It is possible to get a one day false reading break and close below this level but that will be it. The next trading day will close above this NDX 2,460 even though it may trade below this level all day long.>...

...<Once this gap is filled the market is close to a solid buy reading>...

We closed at NDX 2,467

Now both NDX and COMP gaps are filled.... and it is shake and bake action for the next 1-2 days but no matter we are near a short term bottom and good bargains can be had on any further weakness.

XAU lower gap should get filled today.

Best Regards, J.T.
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