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

To: bobby beara who wrote (4704)	9/26/2000 11:48:58 PM
From: J.T.	Respond to of 19219

bobby, except for the bloating up of assets to cash, these numbers still aren't too comforting for the bulls. Damn SPX Short URSA should be b/w 350 - 370 million and the dynamic series 200% market correlation long over short suggests we got lower to go..... no inversion here yet. Looking for a 1 to 2 day bounce before we test lows and potentially get lower lows. How bout a bounce tomorrow.?? XAU 5 day rsi down to 25, NEM 5 day rsi at at 23.24... One more down day into the teens and its time for me to make up for lost ground from the long side into XAU - switch into XAU right into new lows on the new moon... lol Best Regards, J.T.

To: bobby beara who wrote (4704)	9/27/2000 11:32:40 PM
From: J.T.	Respond to of 19219

Rydex Total Assets Update for Wednesday, September 27th: Regular Series: SPX Long - NOVA 442 Million SPX Short- URSA 293 Million NDX Long - OTC 2,924 BILLION NDX Short- Arktos 136 Million XAU Precious Metals 40.2 Million Money Market 1,743 BILLION *********************************************** Dynamic Series (200% correlation): SPX Long - TITAN 55.1 Million SPX Short- TEMPEST 32.9 Million NDX Long - VELOCITY 82.4 Million NDX Short- VENTURE 60.7 Million ********************************************* The SPX and NDX held up relatively well in the face of an ugly day as SPX closed down less than 1 point and NDX closed down 11 to NDX 3,571 to break NDX 3,580. NYSE advances led declners but it is the break in IIX down 2.5% to close at IIX 502.51 and meltdown in Priceline that spilled over into Yahoo - a big negative. SPX 5 day rsi still below double extreme oversold @ 15.05. Still no inversion in Dynamic series and this is bearish for bulls. URSA still below 300K in assets is disturbing. XAU was a monster today as it closed up almost 4% to XAU 50.90 from yesterday close XAU 48.99 up 1.91. Gold bullion up $4.60 on the strengthening Euro and bs bls cpi statistics. I have move to 50% XAU Precious Metals and still 25% NDX Long and 25% SPX Long - looking for the bounce from extreme oversold levels... long but XAU too tempting to miss this leg up... bls double counting excuses ought to be a doozie tomorrow. I blew out of QCOM at 73 1/4 today on the NDX 3,580 break for 10+ points. Will look to re-enter under calmer conditions. Best Regards, J.T.