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

To: J.T. who wrote (4607)	9/20/2000 10:32:17 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Wednesday, September 20th: Regular Series: SPX Long - NOVA 437 Million SPX Short- URSA 284 Million NDX Long - OTC 3,186 BILLION NDX Short- Arktos 133.6 Million XAU Precious Metals 36.7 Million Money Market 1,666 BILLION ******************************************* Dynamic Series (200% correlation to Index): SPX Long - TITAN 48.9 Million SPX Short- TEMPEST 22.9 Million NDX Long - VELOCITY 92.3 Million NDX Short- VENTURE 68.1 Million ********************************************* One of the things that stands out in the last week is that SPX Long NOVA total assets have finally capitulated below the magic 450 million level in 3 of the 4 trading days. The last time this happened was May 22 - 25 when SPX traded b/w SPX 1,400 - 1,373. Soon thereafter, we bounced hard on that Tuesday after Memorial day on May 30th when SPX rocketed 44 points for the highest 1 point SPX gain for the year. Right now SPX closed at SPX 1,451 and above critical support SPX 1,440. Can you say BOUNCE... no later than Friday for the close back above SPX 1,480. The other observation is that even in this latest SPX correction, it is obvious money is uncomfortable in betting on the short side. SPX Short URSA total assets could not even eclipse the 300 million asset level as the highest close was 296.5 million on 9/18. One has to go back to August 10th when assets last peaked at 325 million and SPX closed at SPX 1,460. Today total assets were 284 million and SPX closed at SPX 1,451. So assets on the short side are 19%+ lower in the face of a lower SPX level. Obviously asset levels should rise on the short side as SPX closes at lower levels. Hence, the discomfort on money betting on the short side. As we get out of the thicket of negative confession pre-announcement period over the next week or so, I think this market can rally back above SPX 1,500 and eventual new highs sooner rather than later. However, if SPX 1,440 close support is violated back to back consecutively, we may have to wait until November or even December to see new SPX highs. And this would prove to be Al Gores undoing in the face of a jittery market into the November elections. How's zhaat? Best Regards, J.T.

To: J.T. who wrote (4607)	9/23/2000 5:22:33 PM
From: bobby beara	Read Replies (2) \| Respond to of 19219

9/22 NOVA 455.2 URSA 287.2 OTC 3069 ARKTOS 128.7 2x BULL 137.2 2X BEAR 75 CASH 1704 BULL/BEAR+MM 62% OTC/ARKTOS 96% 2X BULL/BEAR 65% NOVA/URSA 61% recent peak 7/14 NOVA 713.6 URSA 281.8 OTC 3705 ARKTOS 81.4 Titan+Velocity 91.8 Tempest+Venture 21.8 MONEY MARKET 775 BULL/BEAR+MM 80% OTC/ARKTOS 98% 2X BULL/BEAR 81% NOVA/URSA 72% recent trough 5/23 NOVA 427 URSA 378 OTC 2477 ARKTOS 179 Titan+Velocity Tempest+Venture MONEY MARKET 1640 BULL/BEAR+MM 57% OTC/ARKTOS 93% 2X BULL/BEAR NOVA/URSA 53% FUND NAME SYMBOL 9/8 9/15 9/22 Precious Metals RYPMX 34.9 34 39.1 Energy RYEIX 105.2 102 45.3 Financial Services RYFIX 166.9 156 146.7 Health Care RYHIX 44.9 32 84 Technology RYTIX 69.5 58 40.7 Basic Materials RYBIX 3.4 1.3 1.7 Consumer Products RYCIX 3.7 1.4 3.8 Leisure RYLIX 0.6 1.6 1.1 Retailing RYRIX 22.9 14.9 46.1 Telecommun. RYMIX 20.9 21 20.8 Transportation RYPIX 16.1 17.8 12.4 Energy Services RYVIX 162.7 156.8 92 Banking RYKIX 57.7 65.2 46.6 Biotechnology RYOIX 741 726 794.6 Electronics RYSIX 405.3 326.7 281 Internet RYIIX 90.5 72.5 23.2 Utilities RYUIX 50.6 99 58.5 TOTAL 1996.8 1886.2 1738.3