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

To: J.T. who wrote (3449)	6/7/2000 9:47:00 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

Rydex Total Assets Update for Wednesday June 7th: SPX Long - NOVA 721 Million SPX Short- URSA 275 Million NDX Long - OTC 3.303 BILLION NDX Short- Arktos 96 Million XAU - Precious Metals 64 Million Money Market - 981 Million Tonights numbers dictate exactly why I believe this will be a short guerrilla rally followed by more pullback. I am extremely disturbed by the heavy shift in SPX Long to Short total assets closing in on 3 to 1 ratio now 2.6 to 1. One more compelling up day tomorrow will capitulate Bears and push this ratio over 3 to 1 Long. I will be a fleeting star out of this Long position if this materializes. I think a close above DOW 11,000 and/or SPX 1,500 tomorrow will bring 3/1 + BULL Heat and this is CONTRARY INDICATOR. This inverse numbers suggest, as i have well pointed out in the past month, that at best DOW and SPX will hit TOKEN new highs. NDX Long OTC has not had these lofty levels 3.3 Billion numbers since May 1 when NDX closed at NDX 3,830. We are now at NDX 3,736. I do not believe NDX will hit new highs. Looking for this second? day pullback in XAU for potential to re-enter Long XAU. Bulls came thru on this critical day and tomorrow is set for upside fireworks. Best Regards, J.T.