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

To: bobby beara who wrote (4208)	8/24/2000 11:53:19 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

bobby, 5 day RSI on tech indices MSH and PSE a whopping double extreme overbought at MSH 92.23 and PSE 91.38. These indices are "only" at above extreme overbought levels: IIX at 88.29 NDX at 82.68. COMP at 83.68. SOX at 82.77. The pullback is imminent and will be very swift. A 2 to 3 day down affair. Then we will take a look at the RSI levels and go from there. DOW up 3 NDX up 18 SPX down 1 at the present moment... When it seems to easy to be in the market, IT PROBABLY IS. Best Regards, J.T.

To: bobby beara who wrote (4208)	8/25/2000 1:36:05 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

Rydex Total Assets Update for Thursday, August 24th: Regular Series: SPX Long - NOVA 646 Million SPX Short- URSA 258 Million NDX Long - OTC 3,393 BILLION NDX Short- Arktos 99.2 Million XAU Precious Metals 39.3 Million Money Market 1,029 BILLION ****************************************** Dynamic Series (200% correlation to Index): SPX Long - TITAN 48.0 Million SPX Short- TEMPEST 32.3 Million NDX Long - VELOCITY 63.3 Million NDX Short- VENTURE 30.1 Million ************************************************ This market is at its most overbought levels for the year bar none. 5 day RSI extreme overbought levels everywhere that I mentioned in my last post wreak of problems dead ahead for the broad market across the board. A minimum 2 to 3 day hard pullback should commence tomorrow (monday absolute latest). Whether it takes on an additional life of its own beyond this normal pullback remains to be seen. SPX Short URSA Fund total assets has been below 263 million for 5 straight days - A record low. This single statistic alone reveals complacency abounds. NYSE and COMP 5 day advancing issues vs. declining issues has only been up 2 of the last 5 trading days. This signifies exhaustion in this latest upleg** and one must be on high guard of his financial house in fear of the reaper and thief go bump in the night. Mr. Market is about to show no respect for the complacent long investor. BRING IT> -Short SPX URSA Fund. Best Regards, J.T.