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


To: J.T. who wrote (5109)10/20/2000 2:55:49 AM
From: J.T.  Read Replies (3) | Respond to of 19219
 
Rydex Total Assets Update for Thursday, October 19th:

The market melts up on the fibonnacci 13th aniversay of the '87 crash .... Bears are knocked out... lol

Regular Series:

SPX Long - NOVA 431 Million
SPX Short- URSA 287 Million

NDX Long - OTC 2,872 BILLION
NDX Short- Arktos 122 Million

XAU Precious Metals 22.8 Million
Biotechnology 662 Million
Money Market 1,251 BILLION

***********************************************

Dynamic Series:

SPX Long - TITAN 70.7 Million
SPX Short- TEMPEST 27.1 Million

NDX Long - VELOCITY 126.4 Million
NDX Short- VENTURE 51.3 Million

****************************************************

1)NOVA back up to 431 million from 355 mill yesterday.. No need to worry here until we get to 650 million after bottoming at 341 million and putting in higher bottoms at 361 and 355 million. SPX goes HIGHER TOMORROW as we get our back to back upside close.. SPX closed at SPX 1,388.76 up 46 + 3.5%. Minimum nearterm intraday target SPX 1,420.

2)URSA at 287 million.. minimum nearterm target 254 million.

3)OTC swells up to 2.872 billion.. Minimum target NDX otc 3.2 Billion. NDX rocketed up 263 point up 8.4% to NDX 3,402. Minimum nearterm intraday target magic NDX 3,580.

4)Money market assets finally shrinking... Needs to get below 1 billion for 1 or 2 days for a near term top.

5)Dynamic NDX Long Velocity hit a new asset high. This will continue to move to new highs as we move into november with brief pullbacks along the way. It happened to OTC fund in october 98 when the bottom was put in and she never looked back.

Higher we go tomorrow...

Best Regards, J.T.