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

To: J.T. who wrote (5229)	11/10/2000 10:03:49 AM
From: Alias Shrugged	Read Replies (1) \| Respond to of 19219

JT Thanks for the continued updates. The info is appreciated.

To: J.T. who wrote (5229)	11/10/2000 10:23:29 AM
From: marginmike	Read Replies (1) \| Respond to of 19219

Glad to have you back on my side<g>. Whats the obsession with HIFN?

To: J.T. who wrote (5229)	11/11/2000 2:34:46 AM
From: J.T.	Read Replies (4) \| Respond to of 19219

Rydex Total Assets Update for Friday, November 10th: Regular Series: SPX Long - NOVA 450.7 Million SPX Short- URSA 244.3 Million NDX Long - OTC 2,382 BILLION NDX Short- Arktos 96.4 Million XAU Precious Metals 23.4 Million Biotechnology 733 Million Money Market 1.470 BILLION ******************************************* Dynamic Series (200% correlation) SPX Long - TITAN 75.5 Million SPX Short- TEMPEST 16.3 Million NDX Long - VELOCITY 93.1 Million NDX Short- VENTURE 25.5 Million ******************************************* The break is real make no mistake about it. 1)Look at all the short funds and notice in the regular series both funds total assets actually decreased. Unbelievable. Now you know why the commercials are at record short positions in the SPZ futures. The mass public has been conditioned to stay the course long and now we are going to see this buy and hold theory sh*t the bed. In October 98 on the pullback it was 3 to 1 short over long assets. Today on the other hand, we are still at just under 2 to 1 long over short in SPX NOVA/URSA on the very brink of a collapse. This market is in serious trouble come monday and these sentiment numbers validate this. Unlike that fateful week in april 10-14 when everyone was talking melt-down the following monday the 17th I was talking melt-up and melt-up it did. This time, we ain't gona get a melt-up and we are going to take out COMP 3,000 once and for all just like we took out NDX 3,000 decisively today. The Bulls need Uncle Al to come to the rescue with a rate cut on tuesday to bail them out. 2) Until SPX URSA gets above 350 million total assets and NDX Arktos gets back above 160 million total assets, the trend will be down with minor guerrila rallies along the way to relieve oversold conditions. I will stay short PERIOD until capitulation materializes. There may be a 1 - 2 day rally play once it is perceived Bush will be declared the victor, but this too will fade once we get back to the focus on lack of any near term earnings visiblity over the next quarter or two. These rydex numbers can in no way be comforting to Bulls as money market levels need to climb back above 1.6 Billion at a minimum combined with asset growth in the short funds. Notice also XAU Precious Metals hit a new low in total assets and if the dollar starts an imminent descent down as foreign money decides to repatriate their money back to their own countries, look for XAU and gold to finally take off. I will update index supports before late sunday evening. Keep your powder dry for next weeks discount sale. Best Regards, J.T.