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

To: J.T. who wrote (8244)	8/3/2001 10:50:42 AM
From: re3	Read Replies (2) \| Respond to of 19219

jt, i note that the xau fund assets went up by 5 million or so which is 20 %

To: J.T. who wrote (8244)	8/3/2001 5:39:31 PM
From: JRI	Read Replies (1) \| Respond to of 19219

How much cash needed in your opinion in MM to acheive OVERSOLD status....did we get there today?

To: J.T. who wrote (8244)	8/4/2001 4:03:40 PM
From: J.T.	Read Replies (3) \| Respond to of 19219

Rydex Total Assets Update for Friday, August 3rd 2001: (Not verified thru trading desk.) Regular Series: SPX Long - NOVA 274.5 MillionBULLISH SPX Short- URSA 215.8 Million NDX Long - OTC 1.140 BILLIONBULLISH NDX Short- Arktos 67.5 Million XAU Precious Metals 30.9 MillionBULLISH Banking 84.7 Million Biotech 328.4 MillionBULLISH Money Market 1.345 BILLION ***************************************** Dynamic Series (200% correlation to Index) SPX Long - TITAN 91.4 MillionBULLISH SPX Short- TEMPEST 74.8 MillionBULLISH NDX Long - VELOCITY 163.5 Million NDX Short- VENTURE 70.5 MillionBULLISH ********************************************* Like watching paint dry on the daily sentiment 'monet'. Bears don't have the knockout punch they once carried only a few weeks ago. We just can't manage to get fear and capitulation to have dinner at the same table. Maybe it would take an exogenous event like GATA lawsuit and da judge rules GATA argument of potential government (US Treasury, BIS. A.G.) gold manipulation has merit and goes to trial and findings of fact are heard on the daily airwaves. Another exogenous shock might be ME accelerated flare-up with Iraq or Israel/PLO... The "fundamentals" argument just ain't gona take the market to capitulation levels this month. PERIOD. If the exogenous shock doesn't rear its ugly head, this market will continue to grind higher in August as august is a counter-trend month - The trend has been down for some time- so this month we will move up in frustrating but profitable fashion. Regular Series: 100% XAU Precious Metals Dynamic Series: 100% Long SPX TITAN Best Regards, J.T.