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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (7929)5/31/2001 10:34:50 AM
From: J.T.  Read Replies (2) of 19219
 
Rydex Total Assets Update for Wednesday, May 30th, 2001:

These numbers verified thru trading desk.

Regular Series:

SPX Long - NOVA 392.9 Million
SPX Short- URSA 216.5 Million**BEARISH
NDX Long - OTC 1253.1 BILLION
NDX Short- Arktos 68.8 Million

XAU Precious Metals 36.6 Million**BULLISH (4/11)
Banking 47.7 Million
Biotechnology 406.3 Million**BEARISH
Money Market 1,304 BILLION

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

Dynamic Series (200% correlation to Index)

SPX Long - TITAN 88.2 Million
SPX Short- TEMPEST 54.3 Million

NDX Long - VELOCITY 154.2 Million
NDX Short- VENTURE 58.4 Million

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

Large spec bet in SPX Short TEMPEST get it right one of the few times as they book profits and TA is reduced.

Rather than reading the Rydex Total Assets over the past week for what they are and switching to Long position, I was keying in on cycle turns and this has turned out to be a mistake. I'm am left to ride this out before the market turns back up. Never anticipate. The market is existential... For the moment right here and now.

Money Market levels approaching overbought at 1.4 BILLION.

Regular Series: 100% XAU Precious Metals
Dynamic Series: 100% Long SPX TITAN

Best Regards, J.T.
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