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

To: jj_ who wrote (8145)	7/14/2001 9:16:36 PM
From: Les H	Read Replies (2) \| Respond to of 19219

The eight index funds are grouped as long or short by index. S&P 500 index bull (or long) funds are RYNVX, or Rydex Nova fund, and RYTNX, or Rydex Titan fund. The S&P 500 index bear (or short) funds are grouped together. The same is true for the Nasdaq 100 funds. The NAV and asset levels for the first date are normalized to account for the difference in the underlying fund between the two dates. This is done by first dividing the NAV on July 12 by the NAV on July 11, and then applying the ratio against the July 11 NAV and the July 11 assets. By doing this, one can compare the assets in the funds to see how much of the change in assets is accounted for by the change in NAV which is normal, and how much is a variance such as putting in more cash than is accounted for by the change in NAV. If the variance is positive, it indicates more cash has been placed than accounted for by price appreciation. If the variance is negative, it indicates less funds than accounted for by price appreciation. I've been preoccupied by a DLL error in a charting program so I've just freed up my computer for use after about six hours of reloading.