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

To: J.T. who wrote (8432)	8/28/2001 9:26:17 PM
From: organicgerry	Read Replies (1) \| Respond to of 19219

Is Rydex down tonite? I can't get into their web site

To: J.T. who wrote (8432)	8/29/2001 2:26:11 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Tuesday, August 28th, 2001: Regular Series: SPX Long - NOVA 241.8 MillionBULLISH SPX Short- URSA 245.7 MillionInversion NDX Long - OTC 979.2 MillionBULLISH NDX Short- Arktos 80.5 Million XAU Precious Metals 74.2 MillionBEARISH Banking 49.4 MillionBULLISH Biotech 344.3 Million Money Market 1.377 BILLION *************************************** Dynamic Series (200% correlation to Index) SPX Long - TITAN 62.0 MillionBULLISH - Inversion SPX Short- TEMPEST 104.3 MillionBULLISH - Near All Time High 7/16 NDX Long - VELOCITY 142.0 Million NDX Short- VENTURE 98.3 MillionBULLISH - Matches All Time High 7/10 ********************************************* Consumer Confidence wanes and the boyz take it right back down just above where the rally started from on the Aug 21st close. Sentiment numbers in both SPX funds permeate fear as inversion short over long total assets rule the day. We are closing in on 2 to 1 short over long in fast moving tempest/titan. Relatively similar rydex numbers across the board to July 16 except XAU Precious Metals has spiked and friggin MM levels not above oversold: Message 16087180 This market keeps treading water as the Bear applies the chinese water torture to the Bull. Total Assets now are getting quite comfortable piling into Short Funds unlike April 4 lows, but the problem today is lack of capitulation in NDX Long VELOCITY and nothing close to double oversold readings in MM TA levels. siliconinvestor.com It is quite possible we may need to have a complete shakeout once and for all tomorrow or in the next few days(similar to end of Aug 98') or action similar to early OCT 2-8 98 type action to completely let the air out of the balloon. It would be much easier for the broad market to sh!t the bed tomorrow off of follow thru today until sellers exhaust themselves for a complete washout then to continue in this trap of no upside followthru the Bull seem to be quagmired in. If this type of scenario materializes, it would be far easier to set the stage for the reversal back up in order to sustain any significant rally of meaningful substance beyond one or two day affairs. Regular Series: 100% Long NDX OTC Dynamic Series: 100% Long SPX TITAN Best Regards, J.T.