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

To: J.T. who wrote (5550)	12/11/2000 12:45:09 PM
From: David Lee Smith	Respond to of 19219

J.T. I agree. I'm still 100% Pro Funds Ultra Bear and getting burned. But I feel confident that soon I'll be back in the black (hopefully not charred!) I ran my MomentuMonkey Model and its still NEUTRAL with a target price of 1365 (1.3% lower than the 1382 price measured at 11:40 CST). Both Valuation and Momentum indicators are NEUTRAL. I expect with any reversal in Momentum that we could see sharp weakness in both Valuation and Momentum indicators. This happened last week when a SELL signal was given. As the indicator has a bearish tilt, I will continue to hold my bear funds. Best wishes to all, David

To: J.T. who wrote (5550)	12/11/2000 3:22:37 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

Rydex. I will be moving 50% into XAU at tonights close and 50% into SPX Short URSA Fund at tonights close. Locking in the Long Gains in NDX and SPX. I am usually early in these moves. Best Regards, J.T.

To: J.T. who wrote (5550)	12/12/2000 2:02:26 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Monday, December 11th: Regular Series: SPX Long - NOVA 513.5 Million SPX Short- URSA 223.6 Million* new low NDX Long - OTC 2,454 BILLION NDX Short- Arktos 71.0 Million* new low XAU Precious Metals 46.9 Million Biotechnology 638 Million Money Market 775 Million* new low ***************************************** Dynamic Series (200% correlation) SPX Long - TITAN 110.3 Million SPX Short- TEMPEST 18.2 Million NDX Long - VELOCITY 200.9 Million* new high NDX Short- VENTURE 18.6 Million ********************************************* What a bi-polar market. In 3 short trading days, money market assets have been shaved in half from a market running scared at 1.555 billion in assets to today's reading 775 million as the bull runs rampant in the china shop. To understand the magnitude of this extreme bearish negative move, even as the market was in its final mania bull stage, from the time the DOW hit a new high in January to the time the nasdaq reached the tower of babel in march above COMP 5,000, NEVER HAS MONEY MARKET LEVELS REACHED THESE DRAMATIC LOW LEVELS. Not even close. They fought it on the way up not be invested hand over fist. And now they are fighting it on the way down getting fully invested in hopes of catching the next rally that has been the grinch who stole dreams in the year 2,000. And now beyond... It has been a bludgeoning affair to say the least. So to play point counter-point you look to see if this is an aberration and back-test it against long/short funds. And as you can see, SHORT FUNDS IN BOTH Regular SERIES have hit NEW LOWS. Combine this with Double your pain Dynamic Series NDX Long TITAN has hit a new high. This is as an EXTREME a WARNING as you will ever get sentiment-wise . If I was a Bull right now I would be sh!ttin in my pants as these levels are the exact opposite October 98 levels when the market took off. I would sell any rally into strength if you can book profits as companies continue to warn of earnings shortfalls daily... welcome to the club AMD... There is nothing more to say. I have locked in gains in NDX and SPX Long positions. Now 50% Short SPX URSA Fund and 50% Long XAU Precious Metals Fund. Best Regards, J.T.