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

To: J.T. who wrote (3636)	6/28/2000 7:34:00 PM
From: sa-mule	Read Replies (1) \| Respond to of 19219

J.T., I sure hope we are down tomorrow. I could use the money. <g> You think we have the potential for a big down day? Who knows? thanks, sam

To: J.T. who wrote (3636)	6/29/2000 9:51:00 AM
From: Blue On Black	Read Replies (1) \| Respond to of 19219

Great call!!!! Picture me doing 'the wave' and singing We will we will ROCK you. I am amazed. lee

To: J.T. who wrote (3636)	6/29/2000 10:07:00 AM
From: macavity	Read Replies (2) \| Respond to of 19219

Awesome Call. The open startled me. Lets see how the day pans out. I am flat equity, as I am awaiting for the market (NDX) to get out of this June2000 trading range. Still reckon the NDX might try to go upto 4200 in a last gasp b4 heading down for the Big Bad Bear. There is nothing technically to make me bearish while the 3500 levels holds and there are a lot of good (bullish) charts in the NDX still. I am going to start paying a lot more attention to these short term sentiment indicators. thx for the posts. - macavity

To: J.T. who wrote (3636)	6/29/2000 7:25:00 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

Rydex Total Assets Update for Thursday, June 29th: SPX Long - NOVA 598 Million SPX Short- URSA 281 Million NDX Long - OTC 3,271 BILLION NDX Short- Arktos 104 Million XAU - Precious Metals 54 Million Money Market 1,127 BILLION -------------------------------------- One Night Special - Rydex Dynamic Series 200% correlation to market: SPX Long - Titan 22.4 Million SPX Short- Tempest 10.9 Million NDX Long - Velocity 45.3 Million NDX Short- Venture 3.8 Million Short funds remain at record low numbers. New money is heavily skewed long in new dynamic series. The smart money Commercials as indicated in COT Report (Commitment of Traders Report) is at a record net short position. What does it all mean>? The market is going DOWN and potentially very hard.. Unless supports hold tomorrow, it could get very ugly. Maybe the market holds on at supports tomorrow and sucks a few more into one more rally - maybe it doesn't. Nevertheless, the risk is clearly on the downside. Caveat Emptor. Let the Buyer beware. Deceleration of earnings. PEG (Projected Economic Growth) Rates and deceleration of earnings are DIAMETRICALLY OPPOSED to each other. You can not have both at the same time. If growth slows, PEG becomes an erroneous market model. A lie. If this is so, the market will bear out the truth. And the supports will break. Guess what folks: The market has already fully factored the upside in future growth via today equities prices. There is no more room for error. A collapse in confidence right now will lead to a domino effect and the selling will commence. Best Regards, J.T.