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

To: J.T. who wrote (3271)	5/23/2000 10:47:00 PM
From: LBstocks	Read Replies (1) \| Respond to of 19219

VIX at 29.30 not reflecting short term bottom. <eom>

To: J.T. who wrote (3271)	5/23/2000 11:03:00 PM
From: Copeland	Respond to of 19219

Economic reports due in this week: Thursday: GDP & Existing home sales Friday: Durable goods and Personal income Would be nice to make a temporary bottom tomorrow and then rebound if these figures are good, especially with the Arktos so high.

To: J.T. who wrote (3271)	5/23/2000 11:34:00 PM
From: marginmike	Read Replies (2) \| Respond to of 19219

Maybee we need AN Extreme where there are more shorts then long. The mania must swing the other way. COMP is going to 2800-3000 there is no way arround it, I still dont believe there was capitulation, and we finnished on the low. We had one of the greatest mania's ever we now need an equally terrifying continuation day in and out of a real bear market to ering out those excess's. I still dont think we are there. Short ratio is half the levels of past selloffs and VIX is still pathetic. Credit spreads are increasing still pointing out to some serious problems out there. The Dow must follow with the smaller stocks to one last huge leg down. I just see NO BUYERS and NO reason to buy. PNTR will not help, and Margin selling should now star excellerating, EBAY insiders at EBAY dumping their loads and lockups not slowing.

To: J.T. who wrote (3271)	5/24/2000 11:58:00 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

Rydex Total Assets Update for Wednesday May 24: SPX Long - NOVA 450 Million SPX Short- URSA 323 Million NDX Long - OTC 2.650 BILLION NDX Short- Arktos 133 Million Money Market 1.348 BILLION -------------------------------------- Yesterday was capitulation and extremes were well documented in Money movement in this Rydex family microcosm. Still, NDX Long OTC levels today suggest continued fear and trepidation to get back in. This is good contrary indicator and we should get that consecutive back to back rally tomorrow. I think when you see levels reach 3.1 BILLION you will see a pullback. Time to let it ride. Tomorrow higher closes suggest Let the summer rally begin... Bring it. Best Regards, J.T.