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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: dvdw© who wrote (14710)10/8/2002 3:16:04 PM
From: J.T.  Read Replies (7) of 19219
 
Rydex Total Assets Update for Monday, October 7th, 2002:

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

Money Market        1.706  BILLION  
 
***************

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

SPX Long - NOVA     129.9  Million 
SPX Short- URSA     558.3  Million 
NDX Long - OTC      394.6  Million 
NDX Short- ARKTOS   205.5  Million   

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

Dynamic Series: (200% correlation to Index)

SPX Long - TITAN     83.5  Million
SPX Short- TEMPEST  467.9  Million  
NDX Long - VELOCITY 125.9  Million      
NDX Short- VENTURE  353.6  Million   
************* 

Sector Funds:  
               
XAU Precious Metals  60.9  Million 
XOI Energy           18.7  Million 
OSX Energy Services  12.3  Million 
BKX Banking          21.6  Million   
BTK Biotech         125.8  Million        
RUT 2000 - MIKROS    12.2  Million
RLX Retail           16.5  Million
Telecommunications    4.7  Million


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

I emailed this note to HighTechEast on September 24th which he can confirm:

"Dangerous next two weeks, but I believe the BOTTOM will be in NO LATER than Monday October 7th. This is the time to be buying stocks for the next year in this 2 week window of death for many people who will sell out if they have not already done so.

I believe the SPX and DOW are completing their head and shoulders formation and will turn back UP and bounce off the neckline.

In 74 bottom, the DOW penetrated the Oct lows in Dec and the SPX did not. Today the DOW is right on the July lows and SPX has much more leeway with intraday lows at SPX 775 (now SPX 827).

BKX will be the early guide to the reversal BOTTOM IS IN WAIT FOR CONFIRMATION and turn back up once it closes above BKX 725 (Now 686) preferrably 2 back to back closes above this level.

We already have the NYSE Members on our side under heavy accumulation since Feb 02 in RECORD LEVELS and Public Shorting With Reckless abandon above the Specialists every week since late Dec last year.

Rydex levels over 4-1 Bears over Bulls (SPX) and this is extremely Bullish from sentiment standpoint.

Sorry I can't give detailed TA analysis as I am compressed for time."


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

A close above BKX 660 will confirm bottom is in with second close above this BKX 660 mandatory for confirmation.

Now at BKX 647.

Best Regards, J.T.
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