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

To: J.T. who wrote (3370)	5/30/2000 11:42:00 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Tuesday May 30th: SPX Long - NOVA 481 Million SPX Short- URSA 317 Million NDX Long - OTC 2.860 BILLION NDX Short- Arktos 130 Million Money Market - 1.071 BILLION Notice in one day the dramatic switch out of SPX Short URSA Fund. We are within striking distance of breaking below 300 Million a first since I have been keeping track and one more up day will certainly shove it underneath this level. This contrary indicator suggests continued lack of conviction on staying power Bears possess and also tells me this summer rally will be quick guerrilla type action which will be tough to pin down. It may also be a very short June affair - this summer fling... Best Regards, J.T.