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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (6514)2/9/2001 3:16:57 AM
From: J.T.  Read Replies (3) of 19219
 
Rydex Total Assets Update for Thursday, February 8th 2001:

Regular Series:

SPX Long - NOVA 436.8 Million
SPX Short- URSA 232.9 Million

NDX Long - OTC 1,855 BILLION
NDX Short- Arktos 70.0 Million

XAU Precious Metals 40.5 Million
Banking 89.2 Million
Biotechnology 435 Million
Money Market 1,120 BILLION

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

SPX Long - TITAN 47.4 Million
SPX Short- TEMPEST 39.7 Million

NDX Long - VELOCITY 138.0 Million
NDX Short- VENTURE 53.8 Million

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

1) Dynamic SPX Long TITAN -Amazing how this contrary indicator works... On Feb 1st Total Assets hit a new high right into the SPX double top high SPX 1,373. Now, only 5 trading days later with the SPX 1,332.5 at a new nearterm low, SPX Long TITAN TA has hit a new low. A shift out of over 100 million in a 200% long leveraged fund at the exact wrong time.

These large spec fund switchers are friggin geniuses how they continue to get it wrong...

Now I know the bottom is near and time to go shopping long the market.....

Money Market levels suggest we could have one more down day tomorrow... If this is the case it will provide the set-up to go long before the close in good tech stocks...

XAU TA finally coming down a bit in this cycle low... a plus...

Long 100% XAU Precious Metals.

Best Regards, J.T.
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