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

To: J.T. who wrote (8467)	9/5/2001 3:25:22 PM
From: James F. Hopkins	Respond to of 19219

I had hoped the MM would have moved up more, the 30th still holds the best relative percentage, maybe today will do it, but the late bounce don't make that likely. -------------------------- Over all If we test the NDX April Lows, and it looks like we have a good chance of doing it, then I will think a lot hinges on the MM funds when we do. IE if we test the April low and there is More in the MM funds than in April then I think it will hold and we rally. But if we test that low and there is less in the MM funds than there was in April then we are in trouble. Jim

To: J.T. who wrote (8467)	9/6/2001 3:48:15 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Wednesday, September 5th, 2001: (Yesterday's Update should read Tuesday not Monday) Regular Series: SPX Long - NOVA 241.7 MillionBULLISH SPX Short- URSA 236.6 Million NDX Long - OTC 898.9 MillionBULLISH - Back to Back NEW LOWS NDX Short- Arktos 87.7 MillionBULLISH XAU Precious Metals 60.0 Million Banking 32.1 MillionBULLISH Biotech 345.4 Million Money Market 1.467 BILLIONOversold *************************************** Dynamic Series (200% correlation to Index) SPX Long - TITAN 67.6 MillionBULLISH - Inversion SPX Short- TEMPEST 93.3 MillionBULLISH NDX Long - VELOCITY 130.7 Million NDX Short- VENTURE 86.9 MillionBULLISH ********************************************* I missed roll call @ 11. NDX OTC breaks below the 900 Mil TA Barrier. XAU TA finally coming down and in spite of an up day instills bullish repurcussions. MM levels finally above oversold. BKX TA shrinkeage screams Bullish Intonations. Ideally - all we need is one last selloff in morning or midafternoon to release the last of the tension needed to create the reversal and positive electricity from which bottoms are launched into the last hour (preferable the last 15 minutes into the close) and beyond. Regular Series: 100% Long NDX OTC Dynamic Series: 100% Long SPX TITAN Best Regards, J.T.