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

To: J.T. who wrote (4337)	9/5/2000 11:03:54 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Friday, September 1st (late): Regular Series: SPX Long - NOVA 651 Million SPX Short- URSA 248 Millionnew 52 wk low NDX Long - OTC 3,585 BILLION NDX Short- Arktos 94.7 Million XAU Precious Metals Money Market **************************************** Dynamic Series: (200% correlation to index) SPX Long - TITAN 51.2 Million SPX Short- TEMPEST 27.9 Million NDX Long - VELOCITY 112.7 Millionnew 52 wk. high NDX Short- VENTURE 18.6 Million 1 1/2 mo new low ******************************************** Note the bold asterisk new low in SPX short fund and new high in NDX X 2 Long Fund. A very negative (bearish) capitulation has occurred over the last 2 trading days and that is why we turn down today. Everybody got long over the last two trading days and fridays movement the over a 4 day long weekend reveals the "comfort level" of getting long. COMPLACENCY ABOUNDS. Au contrare no doubt. Best Regards, J.T.