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

To: J.T. who wrote (5428)	12/4/2000 3:43:51 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

I have moved back long this time to 100% SPX NOVA at tonights close. Best Regards, J.T.

To: J.T. who wrote (5428)	12/5/2000 1:57:25 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Monday, December 4th: Regular Series: SPX Long - NOVA 418.8 Million SPX Short- URSA 247.0 Million NDX Long - OTC 2,049 BILLION NDX Short- Arktos 94.2 Million XAU Precious Metals 45.0 Million Biotechnology 497 Million Money Market 1.490 BILLION ******************************************* Dynamic Series (200% correlation) SPX Long - TITAN 62.4 Million SPX Short- TEMPEST 19.6 Million NDX Long - VELOCITY 99.1 Million NDX Short- VENTURE 31.6 Million ******************************************* Finally!! The endgame is clearly in sight. With Judge Sanders ruling it is time for Gore to concede. Get your arse long for the quickening rally. I posted this in last nights rydex update: ...<The market is clearly at the cross-roads SPX-wise. While the NASDAQ has clearly been decimated in the past 7-8 months 50% off the highs - the SPX has not had that meltdown. The DOW is at the low end of its support zone and inching towards DOW 10,000 again. SPX and DOW must rally right here and now in the next 2 days for the Bulls to save any face going into the end of the year. Today the DOW and to a lesser extent, the SPX answered the crossroads and took the road less traveled lately... UP. The DOW closed up 186 to DOW 10,560. SPX up 10 to SPX 1,325. Tomorrow we get confirmation that today was no fluke. It would be quite hard to imagine that we get a failed rally after the solid supports and underpinnings held along various major indices. In spite of this impending melt-up tomorrow: What we have had here in the last few weeks is a bipolar market in a grind down process. The glass is half empty is now going to be viewed half full as Bears resign and throw in the white towel over the nearterm. This bifurcated market is clearly revealed in the rydex Long vs. Short Funds total assets. Long assets have room to run in this latest reading on the one hand and will certainly play catch up a mushroom higher over the next few days. Yet short funds are still at very low levels which is quite negative given the lower market levels we are at right now. If short funds continue lower, specifically, if SPX URSA has one close below 200 million in total assets and it is confirmed by sloppy action in major indices- it will be time to abandon long positions down the road and potentially get short. In the meantime, lets enjoy this santa rally. Best Regards, J.T.