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

To: bobby beara who wrote (4506)	9/7/2000 12:27:35 AM
From: J.T.	Respond to of 19219

Bobby, we finally got good capitulation out of the "Rydex Long side" asset levels. 1)SPX Long NOVA back to 542 million from 657 million yesterday. Haven't seen this low asset level long here since 8/10 when we hit 500 million and closed at SPX 1,460. Next nearest was 552 million on 8/16 close when SPX closed at SPX 1,479.85 - both into lows before moving smartly higher on SPX. So NOVA is a pretty good indicator of nearterm lows and today is no exception. 2)NDX Long VELOCITY X 2 down to 74.1 million from 112.7 million only 2 days ago. 3) NDX Short VENTURE x 2 has doubled its asset size in the last 2 days from 18 to 36 million. In short, we are due for a bounce tomorrow (Friday latest)to keep John Wayne trend followers off the pass. Best Regards, J.T.

To: bobby beara who wrote (4506)	9/8/2000 1:00:38 AM
From: J.T.	Respond to of 19219

Rydex Total Assets Update for Thursday, September 7th: Regular Series: SPX Long - NOVA 581 Million SPX Short- URSA 260 Million NDX Long - OTC 3,391 BILLION NDX Short- Arktos 103.6 Million XAU Precious Metals 39.8 Million Money Market 1,111 BILLION ****************************************** Dynamic Series (200% correlation to Index): SPX long - TITAN 52.8 Million SPX Short- TEMPEST 34.5 Million NDX Long - VELOCITY 83.9 Million NDX Short- VENTURE 34.2 Million ********************************************* SPX Long NOVA total assets still below 600 million on a good day and this is BULLISH. I am looking for levels to rise b/w 675 and 700 million before a nearterm top is in place. The chicago boyz did their job spooking the longs to the sidelines yesterday on the jam down and now the money is scared to come back in... lol the boyz may run it hard this time to new all time highs in SPX above SPX 1,527 in which case we will see 725 + million assets in NOVA before they pull the plug on the next pullback.. Again, we may be inverting into a cycle HIGH on the 12th +/- (13th a full moon).. Tomorrow, if we close higher (which I am anticipating) will dictate the inversion is in play - but as always - market is final arbiter... Notice XAU still under 40 million and this is BULLISH. Hoping for another down day although today was token lower close. I am looking for partial re-entry into XAU and tomorrow may be the day (no later than monday). One more shakedown tomorrow... pu LEEEZZZ... lol Dynamic SPX Long and Short fund assets move higher - I love confusion... BULLISH Dynamic NDX Long back up to 84 million but below 95 mil on Sept 5th and the all time high 112.7 million on 9/1. I am looking for 113 total assets to get taken out into this cycle top. I love QCOM and CSCO right here and they will lead this next NDX charge... NDX 4,150 close is gona get taken out on this next leg... The BEARS ARE HEADING FOR A KO TO THE CANVAS- A HARD OVERHAND RIGHT DELIVERED BY THE BULLS.. LIGHTS OUT on the 10 count. Best Regards, J.T.