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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (9882)1/26/2002 9:39:53 AM
From: J.T.  Read Replies (4) of 19219
 
Rydex Total Assets Update for Friday, January 25th, 2002:

Regular Series:

SPX Long - NOVA 252.7 Million**BULLISH
SPX Short- URSA 276.4 Million**Inversion
NDX Long - OTC 917.0 Million**BULLISH
NDX Short- ARKTOS 144.1 Million**BULLISH Highest close since 10/12/00
RUT 2000 - MIKROS 64.9 Million**BULLISH


XAU Precious Metals 62.5 Million**BEARISH
XOI Energy 17.4 Million**BULLISH
BKX Banking 39.8 Million**BULLISH
BTK Biotech 279.1 Million
Money Market 1.446 BILLION**BULLISH Overbought

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

Dynamic Series (200% correlation to Index)

SPX Long - TITAN 91.8 Million**Inversion
SPX Short- TEMPEST 161.6 Million**BULLISH
NDX Long - VELOCITY 186.0 Million**Inversion
NDX Short- VENTURE 206.4 Million**BULLISH All Time High

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

Notice the activity in NDX Short Arktos. That is no misprint. Highest close since year 2000 . Meanwhile, Bears pile on new highs into NDX Short VENTURE TA on a minor NDX pullback.

Inversion again in 3 out of the 4 Long Short Funds as MM TA gets back above overbought.

Top Ten Timers Digest now has 9 Bears, 1 Bull. When they get back to 4 Bulls I will get Bearish.

I continue to be Bullish as McMillan stays Bearish even as many of his indicators are turning like the worm Bullish.

BKX books its second close above BKX 870 and I expect BKX to break up and away from 870 next week closing in on 900 like a heat seeking missile.

Bullish XOI closes at XOI 508.90. I expect an assault of XOI 520 the highs set back in December next week.

We have a diverse group of indices acting very Bullish in this action ready to breakout.

We are going higher and the next day UP is going to be a barnburner. Market climbs a wall of worry marred by scandal and accounting trickery going on for years.

Regular Series: 100% Long NDX OTC
Dynamic Series: 100% Long SPX TITAN

Best Regards, J.T.
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