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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (11327)3/26/2002 12:14:54 AM
From: J.T.  Read Replies (1) of 19219
 
Rydex Total Assets Update for Monday, March 25th, 2002:

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

Money Market 1.605 BILLION**BULLISH Double Overbought

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

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

SPX Long - NOVA 278.6 Million**BULLISH 3 Week + Low
SPX Short- URSA 226.6 Million
NDX Long - OTC 791.2 Million**BULLISH 3 Week + Low
NDX Short- ARKTOS 110.6 Million**BULLISH 3 Week + High


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

Dynamic Series: (200% correlation to Index)

SPX Long - TITAN 143.6 Million
SPX Short- TEMPEST 170.9 Million**BULLISH
NDX Long - VELOCITY 189.1 Million**BULLISH
NDX Short- VENTURE 166.1 Million**BULLISH
*************

Sector Funds:

XAU Precious Metals 54.3 Million
XOI Energy 45.1 Million
OSX Energy Services 67.8 Million**BEARISH
BKX Banking 51.8 Million
BTK Biotech 241.6 Million**BULLISH
RUT 2000 - MIKROS 101.7 Million
RLX Retail 59.7 Million**BULLISH


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

Today they ran the stops on SPX 1,138 - 1,142 support to close at SPX 1,131.87 and I will consider this a one day false break if we close back at or above this level tomorrow.

We may get whipsaw action this week, down one day up the next as March action if it comes in like a lion it more often than not will go out like a lamb. But this is offset by bullish convergences a full moon and shortened holiday week low volume going into Good Friday.

I will stay long and ride out the bumps as first week of April should provide some upside fireworks.

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

Best Regards, J.T.
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