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

To: J.T. who wrote (7878)	5/24/2001 3:20:22 PM
From: J.T.	Respond to of 19219

Rydex. Regular Series: Switch 100% from SPX Short URSA to XAU Precious Metals before tonights close. Dynamic Series: Switch 100% from SPX Short TEMPEST to SPX Long TITAN before tonights close for the last thrust up in the next week into the cycle high on May 30. Best Regards, J.T.

To: J.T. who wrote (7878)	5/25/2001 9:53:23 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Thursday, May 24th, 2001: These numbers verified thru trading desk and significantly different from hotline number. Regular Series: SPX Long - NOVA 436.1 MillionBEARISH SPX Short- URSA 201.5 MillionBEARISHnear new 52 week low NDX Long - OTC 1427.4 BILLIONBEARISHnear 3 mo high NDX Short- Arktos 53.5 MillionBEARISHnear new 52 week low XAU Precious Metals 56.4 Million Banking 47.3 Million Biotechnology 437.0 MillionBEARISH 3 + mo high Money Market 1,093 BILLION ***************************************** Dynamic Series (200% correlation) SPX Long - TITAN 110.0 MillionBEARISH SPX Short- TEMPEST 59.9 Million NDX Long - VELOCITY 232.1 MillionBEARISH near 4 mo high NDX Short- VENTURE 56.3 Million ******************************************* Regular Series: 100% XAU Precious Metals Dynamic Series: 100% Long SPX TITAN Dynamic Series switch results in loss of 0.7% Regular Series switch results in loss of 0.5% Year To Date Returns: Dynamic Series: 24.8% Regular Series: 11.2% Clearly these sentiment numbers are BEARISH and suggest any further upside in the broad market into next week will be limited at best. This stint on the Long side could last as little as 1 day if we can book smart gains today. Best Regards, J.T.