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

To: J.T. who wrote (6677)	2/22/2001 1:29:35 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Wednesday, February 21st 2001: Regular Series: SPX Long - NOVA 349.3 Millionnew 52 week low SPX Short- URSA 242.9 Million NDX Long - OTC 1,5663 BILLIONnew 52 week low NDX Short- Arktos 81.1 Million XAU Precious Metals 27.7 Million Banking 72.5 Million Biotechnology 391.9 Million Money Market 1,466 BILLIONoversold levels *************************************** Dynamic Series (200% correlation) SPX Long - TITAN 56.6 Million SPX Short- TEMPEST 18.7 Million NDX Long - VELOCITY 131.5 Million NDX Short- VENTURE 36.3 Million ******************************************* Market is at double oversold levels across the board. This morning several indices hit below triple oversold levels before reversing. I would like to see BKX close above BKX 860 at a minimum after a low of BKX 833 this morning. If we get this close above BKX 860 today there is a reasonable probability we can close back above BKX 898 tomorrow. This would set up BKX for that run to BKX 1,000+ before end of March. If BKX does not take out BKX 898 close before Monday close it is possible we will move into a new trading range. BKX 860 is critical support that must hold. Two closes below BKX 860 and I will turn Bearish and look to sell long core holdings into strength. Regular Series - 100% Long XAU Precious Metals Dynamic Series - 100% Long SPX TITAN Best Regards, J.T.