Rydex Total Assets Update for Thursday, May 16th, 2002:
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Money Market 1.486 BILLION**BULLISH Overbought
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Regular Series: (100% Correlation to Index (Nova 150%))
SPX Long - NOVA 230.0 Million**BULLISH Decrease in TA on Up day?
SPX Short- URSA 270.3 Million**BULLISH
NDX Long - OTC 715.3 Million**BULLISH
NDX Short- ARKTOS 117.9 Million**BULLISH
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Dynamic Series: (200% correlation to Index)
SPX Long - TITAN 210.9 Million**All Time High
SPX Short- TEMPEST 165.1 Million**BULLISH Overbought
NDX Long - VELOCITY 200.4 Million**BULLISH
NDX Short- VENTURE 194.2 Million**BULLISH Overbought
Sector Funds:
XAU Precious Metals 81.9 Million**BEARISH
XOI Energy 38.1 Million**BULLISH
OSX Energy Services 72.8 Million
BKX Banking 75.9 Million
BTK Biotech 168.0 Million**BULLISH Triple Oversold
RUT 2000 - MIKROS 95.1 Million**BULLISH Oversold
RLX Retail 30.8 Million**BULLISH Triple Oversold
Telecommunications 7.1 Million**BULLISH
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Mercury retrograde kicks in gear again thru June 8th as the next phase in the Melt-Up commences. <g>
Message 17438475
Message 17460327
Bullish Market Sentiment? Hardly hadley. Consensus 24%, Market Vane 27%, Top Ten Timers Digest 0%, recent Rydex Double and Triple Oversold and continued Bullish Readings.
Bearish Sentiment and Rydex Bull tags should be respected not mocked.
Say Wot?
Seems like only yesterday:
Message 17428465
To:Softechie who wrote (62140)
From: westpacific Monday, May 6, 2002 11:35 AM
View Replies (2) | Respond to 62141 of 68444
JT no - that sucker gonna get burned. ROLFMAO at the bullishness!
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Could all these forecasts by the gurus for a June swoon possibly be wrong? Maybe MayDay MayDay APB's already went out, and did not come home to roost on taking out the September lows???
The point of recognition is at hand for the Bears that all is not well with their premise or hypothesis. The market fails to accommodate Bear plans of piercing September lows after foaming at the mouth last Friday and into the weekend. Fact is, September 21 was THE LOW for a long time- possibly until the end of the world plays out. And the wizards who try to get cute picking the recent bottoms before reversal have been shut out multiple times now but will certainly find a way to weasel through the back door saying they 'got in". NOT.
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To:Softechie who wrote (12210)
From: J.T. Saturday, May 11, 2002 7:02 PM
View Replies (2) | Respond to 12212 of 12323
I will bury my dreams in the clouds like a fool with the boyz accumulation conundrum.
The member boyz have now accumulated net balance index over 617 MILLION shares and up 10 of the last 11 reporting weeks and with two week lag we most likely thru Friday are 13/14 but don't yet have the results.. Working on that record 14/15 weeks stealth accumulation in second half of 94' before the market took off in 95'. The market promptly doubled in 2 1/2 years.
Consensus is jamming down the 20% throat, market vane 22% jam job and blowing out the September lows. Rydex ratios confirm as long money runs for cover.
Then we get the false positive on the one day melt-up which quickly wilted like a flower on a hot sunny day. The hook is set up on the next solid up day which will be shorted with reckless abandon.. Will the inmates get it right again or will the final mother of all traps be set??.... only after back to back melt-up momentum thrust days will faith be restored. And most likely the rally will be a 10% plus two day affair that gains traction in tech along with 5% + in DOW and SPX before the trumpets sound.
Meanwhile the public continues heavy shorting with baited breath. The inmates been doing the work of the specialists every week since early january. This week, the public hot air balloon registers a record net short 95 million shares over the specialists in one week reporting 4/26. Further, the inmates shorted the rarity more than the members a cool 10.8 million shares. Forget obfuscation, because a new breed of inmates truly run the asylum.
Just as the new york boyz set up the public for the crash of 87 and only later was it revealed they had their most profitable year ever... so it was in mass accumulation in second half '94 that set up the Mother Bull leg up from December 94' lows DOW 3,685 to double to DOW 7,782 by June 97.
Now, the father lode new script is now being finalized.
The stage is set yet again for the boyz to accommodate life styles of the rich and famous.
Or... where are all the customers 'short' yachts?
Will the market volcano erupt sooner or later?
If it is later, than I will get in the back of the boat and start rowing for the rest of my life. I don't intend to move Ben Hur out of his perch.
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Regular Series: 100% Long NDX OTC
Dynamic Series: 100% SPX Long TITAN
Best Regards, J.T. |
