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

To: J.T. who wrote (3596)	6/27/2000 12:46:00 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

The charts below of the Commitment of Traders (COT)Report - specifically the smart money commercials (institutions, banks and major brokerage firms) in both the NDX and SPX net short position only serve to reinforce the daily contrary Rydex numbers which are huge net long.. sharelynx.net sharelynx.net The only question in the Bull trap is: How high do they take it to or thru resistance levels before they take it back down hard. Deceleration of earnings. Not good for PEG, NO??? Keep stops tight. Best Regards, J.T.

To: J.T. who wrote (3596)	6/27/2000 9:36:00 PM
From: J.T.	Read Replies (3) \| Respond to of 19219

Rydex Total Assets Update for Tuesday June 27th: SPX Long - NOVA 622 Million SPX Short- URSA 290 Million NDX Long - OTC 3,260 BILLION NDX Short- Arktos 97.3 Million XAU Precious Metals 55.3 Million Money Market 1,122 BILLION SPX Long increases 57 million on a down day affair. The lemmings have no fear. Afraid to miss the next leg up. The technical undercurrent of this market is severely fractured at best and yet it still has a way to suck em in long like a frog in warm water getting cozy before getting cooked. UTIL break of support UTIL 318 and BKX inability to close above BKX 780 resistance (formerly support) for the 8th straight day speaks volumes of the weakness in this market. Once it spills over into dot com land where PEG is the measure of future growth in todays stock price is an erroneous assumption in a decelerating earnings environment. Even bull queen abby jo has floated the trial balloon of deceleration problem and head cheerleaders meeker and blodgett are heading for the bush no longer defending their dot com sweethearts that fattened their pocketbooks. One close below SPX 1,440, DOW 10,200, NDX 3,645 et al and look out below. If on the off chance these supports hold, we will then have a tradable rally. End of quarter window dressing and mark-up of stocks a possibility to appease the inmates that money was put to work on the rally. What a facade. Best Regards, J.T.