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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (14932)11/7/2002 12:50:47 AM
From: J.T.  Read Replies (4) of 19219
 
Rydex Total Assets Update for Wednesday, November 6th, 2002:

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

Money Market        1.471  BILLION  
 
***************

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

SPX Long - NOVA     240.4  Million 
SPX Short- URSA     366.6  Million 
NDX Long - OTC      636.5  Million 
NDX Short- ARKTOS   122.8  Million   

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

Dynamic Series: (200% correlation to Index)

SPX Long - TITAN    233.7  Million
SPX Short- TEMPEST  257.4  Million  
NDX Long - VELOCITY 281.0  Million      
NDX Short- VENTURE  209.9  Million   
************* 

Sector Funds:  
               
XAU Precious Metals  65.8  Million 
XOI Energy           24.6  Million 
OSX Energy Services  49.0  Million 
BKX Banking          22.1  Million   
BTK Biotech         170.5  Million        
RUT 2000 - MIKROS    85.1  Million
RLX Retail           22.7  Million
Telecommunications   44.8  Million

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

Is this next impending pullback the last chance to board the long train at discount prices before the train leaves grand central station?

Since October 9 bottom, Lowry's Selling Pressure Index has declined substantially and the Buying Power Index has increased smartly.

Nearly ten years ago, at the beginning of January 1993 the DOW closed at DOW 3,300 and sported a 44 P/E Ratio. Today, November 2002, the DOW closed at DOW 8771 and sports a 22 P/E Ratio. Few see supercycle epicenter wave 3 dead ahead and only near the end of this last recognition wave will the grand finale torment commence.

To be fair to the Bears, the SPX traded at a 24 P/E in 1993 and trades at a 34 P/E Ratio today.

Nevertheless, roll back the clocks we will have one more dance to party likes its 1999.

Laissez les bons temps rouler!

Best Regards, J.T.
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