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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (8867)10/10/2001 9:28:49 AM
From: J.T.  Read Replies (4) of 19219
 
Rydex Total Assets Update for Tuesday, October 9th, 2001:

Regular Series:

SPX Long - NOVA 225.3 Million**BULLISH Inversion
SPX Short- URSA 280.4 Million**BULLISH
NDX Long - OTC 745.3 Million**BULLISH
NDX Short- Arktos 104.1 Million**BULLISH

XAU Precious Metals 79.0 Million
Banking 31.5 Million**BULLISH
Biotech 261.4 Million**BULLISH
Money Market 1.538 BILLION**BULLISH Oversold

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

Dynamic Series (200% correlation to Index)

SPX Long - TITAN 67.0 Million**BULLISH Inversion
SPX Short- TEMPEST 138.2 Million**BULLISH All Time High

NDX Long - VELOCITY 105.2 Million**Inversion
NDX Short- VENTURE 106.0 Million**BULLISH

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

Total Assets are running much more scared these days. At even the slightest hint of a pullback money is moving out of long funds and into short funds or cash. Several weeks ago when the market was getting pummeled day after day as it moved towards quintuple oversold levels, longs were sitting tight like a deer caught in the headlights frozen by inaction. Finally, capitulation set in and they raised the white flag. Today money gets Bearish real quick from higher lows and higher support levels and this is BULLISH going forward.

One more down day in the NDX and we will finally get our coveted NDX Long Velocity TA below 100 Million. Ideally, this happens after tonights close. I will be looking to move back into NDX Long on the slam down and switch to NDX Long OTC before todays cutoff. That is unless, that the lower XAU gap decides get filled first.

Regular Series: 100% Short NDX Arktos
Dynamic Series: 100% Long SPX TITAN

Best Regards, J.T.
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