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

To: Challo Jeregy who wrote (4568)	9/10/2000 9:35:43 PM
From: bobby beara	Read Replies (1) \| Respond to of 19219

9/8 NOVA 524.5 URSA 260 OTC 3209 ARKTOS 108.6 2x BULL 100 2X BEAR 76.5 CASH 1318 BULL/BEAR+MM 69% OTC/ARKTOS 97% 2X BULL/BEAR 57% NOVA/URSA 67% FUND NAME Precious Metals 34.9 Energy 105.2 Financial Services 166.9 Health Care 44.9 Technology 69.5 Basic Materials 3.4 Consumer Products 3.7 Leisure 0.6 Retailing 22.9 Telecommunications 20.9 Transportation 16.1 Energy Services 162.7 Banking 57.7 Biotechnology 741 Electronics 405.3 Internet 90.5 Utilities 50.6 Sector TOTAL 1997

To: Challo Jeregy who wrote (4568)	9/13/2000 2:13:49 PM
From: J.T.	Respond to of 19219

Challo, I think this validates our sentiment approach as rydex numbers give you a daily dynamic update and pulse of where money is on the table. Notice how the old trading band of SPX 1,440- 1,480 was locked in until we busted resistance to the upside on 2 back to back closes on Aug 14th and 15th. A 1 day pullback to 1,480 on the 16th aug and then 1,480 resistance bacame support. New closing trading range ever since has been SPX 1,480 to 1,520 and here we sit at the lower end of the band with an intraday low of SPX 1,473. We are now at SPX 1,484 and market is bottoming. I think we will be back above SPX 1,500 close by end of week.... 2 closes below SPX 1,480 and all long bets are off.. Best Regards, J.T.