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

To: J.T. who wrote (5802)	12/27/2000 12:48:59 PM
From: David Lee Smith	Respond to of 19219

J.T. get ready for some quick money! Our models agree and that is when the big money has been made. Although the MomentuMonkey model is NEUTRAL with a bearish bias, we are fighting the FED, the Santa Claus Rally and the January Effect by being bearish now. MomentuMonkey continues to be NEUTRAL with a negative bias. Target price on S&P 500 1301, down 1.9% from current 1327.20 at 11:35 CST. Both Momentum and Valuation remain NEUTRAL. I continue to believe the risks on the downside outweigh the prospects for upside. I remain 100% in Pro Funds Ultra Bear (2xS&P500). Good luck, David

To: J.T. who wrote (5802)	12/27/2000 2:45:38 PM
From: J.T.	Respond to of 19219

The worm is turning and once BKX takes out BKX 898 mini-support SPX intraday phantom profits will disappear into a loss at the bell. Book it. Best Regards, J.T.

To: J.T. who wrote (5802)	12/27/2000 3:48:16 PM
From: J.T.	Respond to of 19219

BKX 910 has finally been hit. We hit an intraday high of BKX 912.16 after a low of BKX 899.47. BKX 5 rsi day approaching double overbought now at 77.76. They have sucked em all in on the 15 minute before the bell shuffle and all the money will pile on long. I remain 100% Short SPX URSA Fund. Best regards, J.T.

To: J.T. who wrote (5802)	12/27/2000 9:35:24 PM
From: J.T.	Read Replies (3) \| Respond to of 19219

Rydex Total Assets Update for Wednesday, December 27th: Regular Series: SPX Long - NOVA 558.6 Million SPX Short- URSA 230.0 Million NDX Long - OTC 1,982` BILLION NDX Short- Arktos 76.7 Million XAU Precious Metals 42.5 Million Banking 102.5 Million *New addition* Biotechnology 535 Million Money Market 1,075 BILLION ******************************************* Dynamic Series (200% correlation) SPX Long - TITAN 111.8 Million SPX Short- TEMPEST 31.1 Million NDX Long - VELOCITY 157.4 Million NDX Short- VENTURE 42.1 Million ******************************************* Both Short Funds in the Regular Series banging on new 52 week lows in total assets "at higher lows". The money continues to be more comfortable on the Long vs. Short side even off this 4 day rally off the bottom. New addition Banking Total Assets have spiked to an all time high. On December 5th Banking Total Assets were at 21.1 Million when BKX closed at BKX 846.76. On December 21st, when BKX closed at BKX 882.95 Banking Total assets in the Rydex Fund spiked to 80.5 Million. New money has been piling in ever since as BKX closed at its highest level since October 3rd when it closed at BKX 913.60. Today BKX closed at BKX 910.72 up 4.5 points. Right smack on the number we projected from last Friday's update BKX 910. I expect BKX to turn down from these levels right out of the box with BKX at overbought conditions. BKX will drag SPX with it starting tomorrow. 100% Short SPX URSA Fund. Best Regards, J.T.