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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (10240)2/12/2002 12:08:21 AM
From: J.T.  Read Replies (4) of 19219
 
Rydex Total Assets Update for Monday, February 11th, 2002: 

****************
Money Market        1.382  BILLION**BULLISH Increase in TA 
on a MELT-UP Day 

***************
Regular Series: (100% Correlation to Index (Nova 150%))

SPX Long - NOVA     231.8  Million**BULLISH Decrease in TA 
on a mini MELT-UP Day  
SPX Short- URSA     305.2  Million**BULLISH Increase in TA
 on a mini MELT-UP Day 
**URSA HIGHEST TA CLOSE Since 10/17/00
NDX Long - OTC      851.0  Million**BULLISH  Decrease in TA
 on a mini MELT-UP Day    
NDX Short- ARKTOS   148.8  Million**BULLISH  Near 9/21/01 Highs

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

Dynamic Series: (200% correlation to Index)

SPX Long - TITAN    127.2  Million**BULLISH  Decrease in
 TA on a mini MELT-UP Day   
SPX Short- TEMPEST  166.3  Million**BULLISH Inversion
NDX Long - VELOCITY 222.2  Million**BULLISH       
NDX Short- VENTURE  208.2  Million**BULLISH  
************* 

Sector Funds:  
               
XAU Precious Metals  88.0  Million**BEARISH 
XAU Tanks; TA little changed  
XOI Energy           12.2  Million**BULLISH Near 2 Year Lows
OSX Energy Services  36.6  Million 
BKX Banking          22.4  Million**BULLISH   
BTK Biotech         245.1  Million**BULLISH Decrease in
 TA on an UP BTK Day U.F.B       
RUT 2000 - MIKROS    67.1  Million**BULLISH Decrease in TA
 on an UP RUT DAY LAMZZOFF
RLX Retail           90.0  Million

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

In the last Update we called for a Melt-Up on Monday, latest Tuesday after a quintuple test on SPX 1,080 support. Supports held like the rock of gibralter and Friday afternoon the larceny boyz quickly seized the moment in the last 90 minutes of trading. The gurus questioned the rally based on weak volume but the larceny boyz had a major fleecing in mind during the final week of option expiration. Today the boyz commenced the heist got busy doing the down and nasty that will make 1950 Brinks Job Robbery childs play before the week is out. The weak hands have cashed out their losses like lambs led to slaughter and now tomorrow, the larceny continues as the boyz are going for the daily double and back to back MELT-UP.

Switch traders are now positioned like pavlovs dawgs to expect choppy action during this option expiration week as UP one day DOWN the next... However, the sentiment numbers above suggest otherwise and the boyz are gona hit pay dirt and cash in their chips LETTING IT RIDE LONG.

The fact that most long funds ta DECREASED and short funds INCREASED or stayed relatively the same is mind boggling. Sector Funds add skepticism to the mix and you have the ingredients for another LAUNCH HIGHER TOMORROW OR NO LATER THAN WEDNESDAY.

We haven't seen this type of NON Response to a market rally like today since the fall of 1998 coming outta da hole we shot out like a cannon higher...

I will try and get some targets up later tonight or before the market opens.

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

Best Regards, J.T.
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