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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (10317)2/14/2002 12:13:03 AM
From: J.T.  Read Replies (2) of 19219
 
Rydex Total Assets Update for Ash Wednesday, February 13th, 2002: 

****************
Money Market        1.375  BILLION**BULLISH   

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

SPX Long - NOVA     232.1  Million**BULLISH  Inversion 
SPX Short- URSA     309.6  Million**BULLISH 
NDX Long - OTC      852.4  Million**BULLISH      
NDX Short- ARKTOS   148.4  Million**BULLISH   

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

Dynamic Series: (200% correlation to Index)

SPX Long - TITAN    150.0  Million**Inversion    
SPX Short- TEMPEST  182.3  Million**BULLISH Near All Time Highs 
 (Increase in Assets UFB)
NDX Long - VELOCITY 206.8  Million**BULLISH Inversion      
NDX Short- VENTURE  231.1  Million**BULLISH
 (Increase in Assets WTF?) 
************* 

Sector Funds:  
               
XAU Precious Metals  88.1  Million**BEARISH 
XOI Energy           11.8 Million**BULLISH Near 2 + Year Lows
OSX Energy Services  32.1  Million**BULLISH 
BKX Banking          18.0  Million**BULLISH   
BTK Biotech         256.4  Million**BULLISH        
RUT 2000 - MIKROS    75.9  Million**BULLISH 
RLX Retail           90.9  Million

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

Investors Intelligence Numbers are out and the Bullish Sentiment continues to fall and Bearish sentiment continues to rise got the plague Enronitis?:


Week thru    BULLISH Advisors  BEARISH Advisors 
2/12/02         47.4%              29.5%
2/05/02         48.5%              28.9%
1/29/02         51.6%              26.8%  
1/22/02         52.6%              23.7%

We got our Melt-Up within the first hour of trading and spent the rest of the day backing and filling digesting the days gains. I believe we have one more broader market MELT-UP in the next two trading days which will put todays action to shame. Except for the DOW (9,989.67)pointage closing down 10,000 assault like a heat seeking missile, and SOX closing up near 4%, today's market advance was much narrower in scope than I had anticipated. Nevertheless, it was the DOW's highest close since January 10th and this feat should not be taken lightly. January 9th was the day the DOW and broad market broke and reversed hard against me when soon after I got long at the worst possible time and fell asleep at the wheel.

All levels in yesterday update are still intact with SOX 600 + which needs to be added to the mix.

SPX URSA above 300 Mill TA for the third consecutive day after SPX up two of the last three days on a 22 point net SPX advance.

NDX Short Arktos above 100 Mill TA for the 19th day in a row after having spent a max 5 days in a row above 100 mill TA in all of 2001... My my how things have changed.

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

Best Regards, J.T.
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