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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (9702)1/2/2002 11:40:36 PM
From: J.T.  Read Replies (2) of 19219
 
Rydex Total Assets Update for Wednesday, January 2nd 2002: 

Regular Series:

SPX Long - NOVA     280.5  Million  
SPX Short- URSA     246.2  Million 
NDX Long - OTC      1.017  BILLION**BEARISH     
NDX Short- ARKTOS    91.7  Million**BULLISH   
               
XAU Precious Metals  37.9  Million**BULLISH   
Energy               41.2  Million**BEARISH 
Banking              23.0  Million**BULLISH   
Biotech             345.2  Million**BEARISH     
Money Market        1.142  BILLION**BEARISH Overbought

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

Dynamic Series (200% correlation to Index)

SPX Long - TITAN    143.2  Million**BEARISH      
SPX Short- TEMPEST  136.1  Million**BULLISH  

NDX Long - VELOCITY 225.0  Million**BEARISH      
NDX Short- VENTURE  152.3  Million**BULLISH

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

Interesting twist to start off the new year. MM TA shrink below overbought levels and register Bearish reading. However, both Short Funds in Dynamic Series increased - as did both Long Funds in the leveraged family.

There is going to be a lot of whipsaw action until Bull or Bear takes control... and this may not manifest itself until after January 18th.. when our coveted mercury retrograde begins again and last until Feb 8th. The last M.R. accelerated the melt-up from bottom (Oct 2 - 23) last fall.

Rydex for 2001, I closed out the year UP 13% in Regular Series. In Dynamic Series, I lost a paltry - 1.7% after being up over 30% and 20% on separate occasions respectively, I managed to get whipsawed and frozen like a deer in headlights and gave it all back.

Regular Series: 100% SPX Long NOVA
Dynamic Series: 100% NDX Long VELOCITY

Best Regards, J.T.
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