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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (8072)7/7/2001 12:26:28 PM
From: J.T.  Read Replies (2) of 19219
 
Rydex Total Assets Update for Friday, July 6th 2001:

Verified thru trading desk.

Regular Series:

SPX Long - NOVA 301.8 Million
SPX Short- URSA 228.7 Million
NDX Long - OTC 1129 BILLION
NDX Short- Arktos 66.7 Million

XAU Precious Metals 25.7 Million**BULLISH near 52 week low
Banking 71.9 Million
Biotech 385.8 Million
Money Market 1,447 BILLION**BULLISH oversold

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

Dynamic Series (200% correlation to Index)

SPX Long - TITAN 86.3 Million**BULLISH
SPX Short- TEMPEST 78.7 Million**BULLISH


NDX Long - VELOCITY 144.3 Million
NDX Short- VENTURE 74.9 Million**BULLISH near 52 week high

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

Money market levels finally into oversold territory and the ingredients for a turn in the market are there. However, it would not be surprising to get another flush to finally see whites in Bulls eyes for the reversal. From a sentiment standpoint, this would be far better to go down one more day for the powerful reversal and thrust out of the deep hole. This would take one more day of selling - NOVA below 300 Mil TA and MM above 1.5 Bill TA.

The ducks are all lined up for the "summer rally", just have to wait for the final green light to mount the counter offensive.

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

Best Regards, J.T.
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