To: J.T. who wrote (6562 ) 2/14/2001 10:03:18 AM From: J.T. Read Replies (1) | Respond to of 19219 Rydex Total Assets Update for Tuesday, February 13th 2001(revised): Regular Series: SPX Long - NOVA 432.8 Million SPX Short- URSA 245.2 Million NDX Long - OTC 1,712 BILLION NDX Short- Arktos 73.8 Million XAU Precious Metals 28.5 Million Banking 78.3 Million Biotechnology 419 Million Money Market 861 Million ******************************************* Dynamic Series (200% correlation) SPX Long - TITAN 106.0 Million SPX Short- TEMPEST 27.7 Million NDX Long - VELOCITY 135.1 Million NDX Short- VENTURE 43.0 Million ************************************************Please disregard mita post 6,575*** 1) Money Market levels still way too low. Any rally attempt will be minimal at best and suggests further downside ahead this week. BEARISH. 2)SPX Long NOVA and NDX Long OTC are within striking distance of new 52 week lows. NDX OTC could hit a new 52 week low in the next 2 days on any further market downside. BULLISH after 1-2 more down days. 3)SPX long TITAN and NDX Long VELOCITY has further downside risk in TA. Need more downside action. 4)XAU TA shows continued capitulation as XAU drifts to a new lower close yesterday XAU 46.31 and nearing completion of this thorough wash-out of longs. Meanwhile, the lead sled dog all gold index JSE hits a new nearterm high at JSE 932.40 and closing in on that all important JSE 940.60 on January 23rd. I continue to maintain 100% Long XAU Precious Metals position since early January XAU 49.79. In summary, sentiment figures suggest that while it is possible to get a 1 day rally, it is quite likely that there will be one more hard downdraft in the next week to get a complete capitulation before the march back northward. Again, ideally I would like to see this BKX test this BKX 898 - 902 level and potentially breach thru this level intraday or on a one day close basis below this level. Then back up for that run thru BKX 1,000 and beyond in tandem with new DOW highs DOW 11,900+. Best Regards, J.T.