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

To: J.T. who wrote (5564)	12/12/2000 12:42:10 PM
From: David Lee Smith	Respond to of 19219

J.T., I concur. The MomenuMonkey has given another very bearish signal. Today at 11:30 CST, when the S&P stood at 1377.9, the MomentuMonkey Indicator when from NEUTRAL to SELL. Red warnings signals all over the place! Near-term target for the S&P 500 Index is 1304, down 5.3%. Momentum has turned VERY NEGATIVE from NEUTRAL. Valuation has turned POOR from NEUTRAL. I remain 100% in the Pro Funds Ultra Bear Fund (2x S&P short). Best wishes to all, David

To: J.T. who wrote (5564)	12/13/2000 1:31:31 AM
From: J.T.	Read Replies (3) \| Respond to of 19219

Rydex Total Assets Update for Tuesday, December 12th: Regular Series: SPX Long - NOVA 470.8 Million SPX Short- URSA 243.7 Million NDX Long - OTC 2,317 BILLION NDX Short- Arktos 74.4 Million XAU Precious Metals 46.0 Million Biotechnology 575 Million Money Market 899 Million ******************************************* Dynamic Series (200% correlation) SPX Long - TITAN 106.1 Million SPX Short- TEMPEST 7.2 Million NDX Long - VELOCITY 168.7 Million NDX Short- VENTURE 19.1 Million ******************************************* With Bush finally geting his day, futures predictably are up big overnight and the Bulls must deliver the goods of a Strong CLOSE tomorrow: Chicago Mercantile Exchange GLOBEX PRICES AS OF 12/13/00 00:15 AM TRADE DATE: 12/13/00 CONTRACT LAST NET CHGE CONTRACT LAST NET CHGE S&P 500 MAR01 1408.60 +930 EURO $ DEC00 93.4125A UNCH E-MINI DEC00 1387.00A +800 MAR01 93.805 +1.5 MAR01 1408.75 +950 JUN01 94.01A +2.5 NSDQ100 MAR01 3005.00 +8500 SEP01 94.095 +1 E-NASDAQ MAR01 3005.00 +8500 DEC01 93.97A -4.5 Bulls will have to deal with another GAP upside opening which they better hope gets filled in the first few hours. Negative Earnings Pre-Announcements continue and we welcome CPQ and EK and HON among others to the family. No doubt there will be more to follow. Market bellweather GE was weak today in light of HON news keep an eye on it that it doesn't break 50. It closed at 52 13/16 down 2 1/2. They took out NDX bellweather SUNW and axed it up good on No News over the past few weeks so GE holding 50 is critical. Lets see if the market can give Bush a honeymoon that will last more than 1 day or if it is buy the rumor sell the news. The market now turns its attention to Mr G. and FOMC meeting on the 19th and more of the same: Earnings earnings and more disappointing earnings revisions... Still 50% Short SPX URSA Fund and 50% Long XAU Precious Metals Fund. Bets Regards, J.T.