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

To: J.T. who wrote (4256)	8/31/2000 1:08:04 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

Rydex Total Assets Update for Wednesday, August 30th: Regular Series: SPX Long - NOVA 574 Million SPX Short- URSA 267 Million NDX Long - OTC 3,438 BILLION NDX Short- Arktos 106.8 Million XAU Precious Metals 37.8 Million Money Market 1,070 BILLION ************************************** Dynamic Series (200% correlation to Index): SPX Long - TITAN 50.7 Million SPX Short- TEMPEST 38.7 Million NDX Long - VELOCITY 65.3 Million NDX Short- VENTURE 32.6 Million ***************************************** Notice SPX Long NOVA gets skittish and asset levels drop over 100 million in one day in spite of spx never really being under heavy pressure. It couldn't crack 1,500 intraday and now at even the hint of an impending pullback the scared longs head for the hills. This is BULLISH and spx will continue to climb this wall of worry higher. Course, the flip side is nobody wants to play short the spx as ursa barely budges above 263 million for the first time in over 8 trading days. ndx long otc is getting heavy as assets bulge up to its highest levels since July 17th. we still have room to move higher but this pup is getting long in the tooth. Asset levels homing in on 3.7 billion will signal a short term top. XAU snatched victory from the jaws of defeat in the last half hour of the day. This is how the momo gets going in this fickle index. watch it pop in the next two days(weeks)... it is gona be sweet. Minimum inraday target XAU 63 into the full moon sept 13th... Now at XAU 50.91 .. u do the math.. Best Regards, J.T.