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

To: J.T. who wrote (5214)	11/9/2000 8:00:30 AM
From: David Lee Smith	Read Replies (1) \| Respond to of 19219

How can the market have such a big day down when the Rydex ratios are so bullish?

To: J.T. who wrote (5214)	11/10/2000 9:30:27 AM
From: J.T.	Read Replies (3) \| Respond to of 19219

Rydex Total Assets Update for Thursday, November 9th: Regular Series: SPX Long - NOVA 498.1 Million SPX Short- URSA 246.9 Million NDX Long - OTC 2,486 BILLION NDX Short- Arktos 103.6 Million XAU Precious Metals 27.1 Million Biotechnology 758 Million Money Market 1.378 BILLION ******************************************* Dynamic Series (200% correlation) SPX Long - TITAN 83.6 Million SPX Short- TEMPEST 17.1 Million NDX Long - VELOCITY 109.2 Million NDX Short- VENTURE 20.2 Million ******************************************* Yesterday afternoon, when Gore's posse' led by Daley came on the airwaves and it became apparent they were digging in for a prolonged fight and were not going to give it up- I knew we were in for a drawn out political fiasco. And under this scenario, an external event, it gives the market an excuse to sell and sell it will. In addition to the politcal albatross, the breakdown in key guerrilla generals like BRCM and SUNW combined with the massive short position built up by the commercials - I had seen enough. I positioned myself short before the bell into strength even though only 3 of my 4 indices broke thru key support and rallied back up before the bell. I went short Rydex 50% Arktos and 50% URSA expecting this market to break once and for all. The only stocks I have left are QCOM, CSCO and HIFN. Best Regards, J.T.