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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (9010)10/18/2001 12:08:03 AM
From: J.T.  Read Replies (3) of 19219
 
Rydex Total Assets Update for Wednesday, October 17th, 2001: 

Regular Series:

SPX Long - NOVA     243.3  Million**BULLISH   
SPX Short- URSA     282.0  Million**BULLISH Inversion
NDX Long - OTC      812.5  Million**BULLISH    
NDX Short- Arktos    95.8  Million**BULLISH  
               
XAU Precious Metals  55.4  Million**BULLISH  
Energy               43.5  Million**BEARISH 
Banking              26.9  Million**BULLISH  
Biotech             289.5  Million**BULLISH     
Money Market        1.421  BILLION**BULLISH Oversold

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

Dynamic Series (200% correlation to Index)

SPX Long - TITAN     68.0  Million**BULLISH TA Cut in Half  
SPX Short- TEMPEST  159.3  Million**BULLISH All Time High  

NDX Long - VELOCITY 130.3  Million  
NDX Short- VENTURE  109.6  Million**BULLISH


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

Money is scared and runs for cover on any late day sell-off. Today was kill 2 Bulls with 1 stone day as we gapped it open out of the box and got the Bulls all lathered up. The party was over in about 1 1/2 hours. By days end, Bull money wanted out faster than people stampeding for the exits after someone screams fire in a theatre.

Witness the quick shift in MM back above oversold in 1 day. More importantly, SPX Long fund cut down in size by 50% overnight. And the money is really piling into the SPX Short Tempest Fund. In a nutshell, tonights sentiment read is extremely BULLISH and one more down day tomorrow, market corroborating, and I am getting my @ss back LONG on the Bull side. Tonights numbers suggest this pullback will be short lived, and another leg up is most definitely in the cards.

I feel extremely fortunate to blow out of both the XAU Precious Metals (RYPMX) and NDX Short Venture (RYVNX) and booking profits after seeing tonights rydex sentiment numbers. 


Fund      Bought  Price   Sold   Price   Profit  % Gain
RYPMX      10/10  20.31   10/17  21.52   + 1.21   5.6%
RYVNX      10/11  67.73   10/17  74.68   + 6.95   9.3%


Regular Series: 100% Money Market
Dynamic Series: 100% Money Market

Best Regards, J.T.
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