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

To: J.T. who wrote (4733)	9/28/2000 8:36:55 PM
From: bobby beara	Read Replies (5) \| Respond to of 19219

Good job on cmgi jt, todays tale of the rydex tape shows a ballooning of bullish transfer, especially the leveraged funds which are now at ratios seen at former major topz. i don't know what to make of it after such a long downtrend, usually u see this kind of bullish reading after a decent rally when everybody is throwin in the towel and going long at the top. todays highlight leveraged SPX long assets 123 million leveraged short 17.1 million pretty extreme. also the leveraged funds are up substantialy from the the previous high in $ amounts previous peak in bullish leveraged funds was 136 million 9/28 NOVA 559.9 URSA 267. OTC 3131 ARKTOS 116.4 2x BULL 232.6 2X BEAR 61.1 CASH 1428 BULL/BEAR+MM 67% OTC/ARKTOS 96% 2X BULL/BEAR 79% NOVA/URSA 68%