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

To: J.T. who wrote (6167)	1/19/2001 1:31:55 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Thursday, January 18th 2001: Regular Series: SPX Long - NOVA 443.7 Million SPX Short- URSA 209.7 Million NDX Long - OTC 2,160 BILLION NDX Short- Arktos 54.0 Millionnew 52 week low XAU Precious Metals 29.2 Million Banking 112.0 Million Biotechnology 441 Million Money Market 981 Million ******************************************* Dynamic Series (200% correlation) SPX Long - TITAN 105.7 Million SPX Short- TEMPEST 27.1 Million NDX Long - VELOCITY 209.0 Millionnew all time high NDX Short- VENTURE 20.3 Million ********************************************* It is safe to say that the worst is over for the Bulls. They have sustained everything thrown at them including the kitchen sink, the baby, the bathwater... the earnings "adjustments" maintaining lowered expectations going forward. The fed stands ready to cut fed funds another minimum 25 basis points and potentially 50 basis points by the end of January at FOMC meeting. George W. Bush first 100 days as prez honeymoon and his window of opportunity to sell the tax cut plans all scream Bullish. As for Rydex sentiment I foresee a 3/1 ratio long over short (nova/ursa)before any significant pullback. That could happen tomorrow with an upside melt-up. And with option expiration the Bears are gona get it hard tomorrow. Look at Banking TA pullback this will only add fuel to tomorrow's upside. I will look to sell AMD into strength tomorrow when it gets all hot and bothered still higher. 5 day RSI of AMD nearing triple overbought 88.08. More stringent test 21 day rsi closing in at overbought 64.42. Position: 100% Long XAU Precious Metals Best Regards, J.T.