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

To: J.T. who wrote (3579)	6/22/2000 11:41:00 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Thursday June 22nd: SPX Long - NOVA 537 Million SPX Short- URSA 299 Million NDX Long - OTC 3,379 BILLION NDX Short- Arktos 102 Million XAU - Precious Metals 48 Million Money Market - 1,335 BILLION In spite of today's downdraft, short funds still low. DOW has taken out fisrt support DOW 10,380 in archives. Break of DOW 10,200 will usher in capitulation and diamond demise. SPX would then take out SPX 1,440 support and retest SPX 1,380. For now we take a one day wait and see approach to see if today was one day false break or sign of trouble dead ahead. Best Regards, J.T.