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

To: J.T. who wrote (8036)	7/3/2001 1:13:53 PM
From: Bull RidaH	Read Replies (1) \| Respond to of 19219

JT, Is 361.7 Million for the combined dynamic longs the all-time record since you've been tracking? Thx! BRH

To: J.T. who wrote (8036)	7/3/2001 10:17:31 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Tuesday, July 3rd 2001: Regular Series: SPX Long - NOVA 362.3 Million SPX Short- URSA 202.2 MillionBEARISH NDX Long - OTC 1256 BILLION NDX Short- Arktos 54.5 MillionBEARISH - near 52 week low XAU Precious Metals 27.0 MillionBULLISH near 52 week low Banking 82.6 Million Biotech 433.7 Million Money Market 1,291 BILLION *************************************** Dynamic Series (200% correlation to Index) SPX Long - TITAN 126.9 Million SPX Short- TEMPEST 55.9 Million NDX Long - VELOCITY 197.1 MillionBEARISH NDX Short- VENTURE 55.2 Million ********************************************* Money Market levels are not yet confirming Bearish sentiment reads in the Long and Short Funds. We are still in Neutral territory in MM TA levels and until we get near or below 1 Bill in TA we still have further upside potential in broad market albeit limited advancement. XAU Precious Metals TA confirm we are at/near a bottom in the latest XAU flushout. I will average down in gold stocks within the next two trading days. Regular Series: 100% XAU Precious Metals Dynamic Series: 100% Long SPX TITAN Best Regards, J.T.

To: J.T. who wrote (8036)	7/4/2001 12:11:51 AM
From: James F. Hopkins	Respond to of 19219

JT; A word you used "ratio" caused me to look at another angle at least with the ( Dynamic Series (200% correlation to Index)) --------- And putting aside how the short term traders often get snookered , I looked at total "shares" of both bull funds Titan and Velocity.. then both bear funds Temptest & Venture. (Shares being TA / NAV) It's normal for the Bull funds to have more Shares..and Money invested. in them , taking the ( total bull / total bear ) it gave a ratio that ran from a (2.65 Low on June 8th) to yesterdays high of 7.18 !! However being these type funds use futures they can sure as heck move the market this is a twist on just looking at them separately In the short time frame I have , so far a 4.03 ratio is average. ( if I take out that unusual high on the 2nd ) The point is when the ratio has gone much above 4 to 1 the market did move up , when it dropped down in the 3 to 1 level the market pulled back. It's causing me to think the ratio of the amount of money in these type of leveraged funds can indeed move the market. ------------ I don't know that a fixed ratio would be good to trade off, however a meaningful change in the ratio could be a usable signal. I don't want to say right now as I don't have data that takes in such a high bull ratio as we had yesterday ( it pulled back to 5.7 today ) still 5.7 looks like a sort of high AVERAGE to bet against. However from a 7.18 that's a lot of futures sold. This is a wait and see thing for me, I stayed boxed. I will look at ratios of the non leveraged SPX and OTC funds next. Thanx for the timely update of the TAs. Jim