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

To: J.T. who wrote (3699)	7/5/2000 11:35:16 PM
From: J.T.	Read Replies (5) \| Respond to of 19219

Rydex Total Assets Update for Wednesday, July 5th: SPX Long - NOVA 551 `Million SPX Short- URSA 292 Million NDX Long - OTC 3,214 BILLION NDX Short- Arktos 116 Million XAU- recious Metals 43.5 Million Money Market 1,173 BILLION Nothing worse than getting sucked into the 1 day trap. Just when it looks safe to play long for a day WHACK.. down 4.1% for the NDX Long 1 day play. Smith Barney downgrades semiconductor (SOX) for a 9% + shellacking. CA and BMCS among others pre-announce revenue shortfall and down she goes from there. Earnings deceleration and a market based on PEG is setting the market up bad. The market has no room for error now as we move into the employment report on Friday. Even QCOM has submerged below 60 to close at QCOM 58 7/16.. Its lowest close in some time. I will cover index analysis in another post. Disappointing that MITA posters have gone awol and el morte. Yahoo thread is beckoning the call again. OUT