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

To: bobby beara who wrote (3974)	7/27/2000 12:09:38 AM
From: J.T.	Respond to of 19219

bobby, thanks for updating the rydex numbers. b has agreed to help update the rydex numbers so I can devote more time to technical analysis. Best Regards, J.T.

To: bobby beara who wrote (3974)	7/28/2000 2:41:57 AM
From: J.T.	Respond to of 19219

Rydex Total Assets Update for Thursday, July 27th: Regular Series: SPX Long - NOVA 574 Million SPX Short- URSA 299 Million NDX Long - OTC 3,147 BILLION NDX Short- Arktos 101 Million XAU Precious Metals 40.2 Million Money Market 1,250 BILLION SPX Short URSA Fund Assets have gone DOWN from 350 million when SPX closed at SPX 1,464 to 299 million on todays SPX lower close of SPX 1,449. What does this mean? The herd mentality is still looking for that rally even as SPX moves lower. Tomorrow could pull a "bad surprise" for Bulls as this contrary indicator suggests we may go even lower still. In fact, we may get a capitulation day Friday as the technical damage in IIX and SOX wreaked of selling distribution. NDX Short Arktos Fund confirms this as assets have remained steady at just over 100 million in assets the last few days in spite of NDX getting creamed the last two days. Typically, NDX Short Arktos assets should rise as NDX registers lower closes. But this has not happened the last few days. Even I was looking for an impending rally earlier this week but had support parameters in place to monitor the health of the market. Based on the technical evidence, this market is seriously wounded right now. And we all know the market is always right once the votes are cast at the close. For "agitated" lunar enthusiasts, we are going into the new moon on Monday, July 31st fwiw. ******************************************* Dynamic Series (200% Correlation to Index) SPX Long - TITAN 29.2 Million SPX Short- TEMPEST 29.9 Million NDX Long- VELOCITY 45.6 Million NDX Short- VENTURE 22.7 Million ****************************************** Best Regards, J.T.