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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (15464)12/11/2002 12:13:52 AM
From: J.T.  Read Replies (4) of 19219
 
Rydex Total Assets Update for Tuesday, December 10th, 2002:

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Money Market 1.499 BILLION

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

SPX Long - NOVA 243.5 Million
SPX Short- URSA 554.8 Million
NDX Long - OTC 519.6 Million
NDX Short- ARKTOS 170.4 Million

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

Dynamic Series: (200% correlation to Index)

SPX Long - TITAN 189.7 Million
SPX Short- TEMPEST 336.8 Million
NDX Long - VELOCITY 216.2 Million
NDX Short- VENTURE 384.5 Million
*************

Sector Funds:

XAU Precious Metals 92.2 Million
XOI Energy 23.8 Million
OSX Energy Services 33.9 Million
BKX Banking 17.6 Million
BTK Biotech 160.7 Million
RUT 2000 - MIKROS 101.5 Million
RLX Retail 33.9 Million
Telecommunications 61.4 Million


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

NYSE Members Net Balance index now north of 1.8 Billion shares bought and buried for all of 2002. Net Balance Index now up 34 out of the last 41 weeks since Feb 15 reporting week. Last week was up smartly off the 2 week lag the week of Nov 22nd - a week that should have experienced net selling on a solid up week. But they just keep on buying. We are on par course vs 1974 where the net balance index went up 39 out of 47 weeks into the end of 1974 before the mother launch. Only difference this year is, we already have an early jump off the October bottom, and 2003 will prove to be a nightmare to those looking for the death spiral.

They pile into the Bear Funds like pigs swashing in the mud. The trap is set before these pigs get butchered.

COMP 1,540 SPX 965 BKX 830 intraday highs dead ahead in the next week. XAU death spiral down to XAU 63.90 in next week.

Best Regards, J.T.
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