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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (2972)	5/16/2000 9:59:00 PM
From: Copeland	Read Replies (1) \| Respond to of 19219

On a completely different note, I'll be watching NTAP and ADBE tomorrow. NTAP is an earnings play, so I wouldn't exactly want to be long after the bell if you don't know the stock, but it looks like there will be some upside day-trading volatility, considering today's volume. ADBE has or has not broken out to the upside today on no news. Might be worth a few points if the general market behaves. Unlike many a guru here on SI, I haven't taken positions in either one.

To: J.T. who wrote (2972)	5/16/2000 10:13:00 PM
From: marginmike	Read Replies (1) \| Respond to of 19219

Thats funny, I was just getting a litlle more bullish. The worden brothers called a short term bottom in NASD, and I think we rally through Friday. I think anyone who was on their hands(like me) will buy here. I think in 2-3 weeks rally faids into PPI/CPI. I think NASD will make a run for 4,000 here. I think market will have bottomed until aug-oct. As for short term I think we go higher, and I see no pullback. I think BKX and Nas may diverge again as money rotates.

To: J.T. who wrote (2972)	5/17/2000 10:54:00 AM
From: J.T.	Read Replies (3) \| Respond to of 19219

Very Sloppy Action. DOW 10,785 -150 NDX 3,552 -94 SPX 1,446 -19 --------------------------------------- ...<Message #2972 from J.T. at May 16, 2000 9:28 PM ET Rydex Total Assets Update for May 16th: SPX Long - NOVA 705 Million SPX Short- URSA 347 Million NDX Long - OTC 3.17 BILLION NDX Short- Arktos 114.5 Million This is the first back to back consecutive 700 Million + in the SPX Long Fund since I believe January. Money Market Cash levels are down from 1.4 BILLION to 970 Million in the last 5 trading days. What does it all mean??? The boomers have put the money to work LONG and the rug is going to get pulled on the masses again over the very near term. My bet is that it starts tomorrow. A very contrary indicator indeed. DOWN WE GO>... Best Regards, J.T.

To: J.T. who wrote (2972)	5/17/2000 11:11:00 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

Rydex Total Assets Update for May 17th: SPX Long - NOVA 577 Million SPX Short- URSA 421 Million NDX Long - OTC 3.037 BILLION NDX Short- Arktos 133 Million Money Market 1.210 BILLION (yesterday 970 Million) What a dramatic shift in assets a day makes... in the SPX Long/Short Ratio. I think the NDX 100 Long (OTC) needs to get down to 2.8 Billion area (2.6 Billion area and I know fear has returned) - Maybe 1 more down day will do it. napoopoo - Dynamic Funds still not up and running yet... Don't have exact date but soon I hear. Best Regards, J.T.