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

To: J.T. who wrote (5187)	11/7/2000 2:42:30 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Monday, November 6th: Regular Series: SPX Long - NOVA 573.9 Million SPX Short- URSA 225.0 Million NDX Long - OTC 2,731 BILLION NDX Short- Arktos 78.8 Million XAU Precious Metals 25.5 Million Biotechnology 776 Million Money Market 1,122 BILLION ******************************************* Dynamic Series (200% correlation) SPX Long - TITAN 117.3 Million SPX Short- TEMPEST 16.0 Million NDX Long - VELOCITY 157.2 Million NDX Short- VENTURE 20.1 Million ******************************************* Regular Series SPX Short URSA at new asset lows. Same goes for NDX Short Arktos. Very BEARISH. However, still not at 3 to 1 ratio long over short in spx and Money market levels still above 1 billion. The rally will continue but is running on fumes as measured by rydex sentiment and record level short SPZ Futures positions by smart money commercials. CSCO earnings report looked good and guidance appeared upbeat. I will continue to hold this pup over the near term, but the way this whole market is playing out, we are setting up for a major washout once this November rally runs its course. It is doubtful I will be long much beyond Thanksgiving unless sentiment changes and this is clearly not happening. Best Regards, J.T.