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

To: J.T. who wrote (9678)	12/29/2001 2:24:21 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

Rydex Total Assets Update for Friday, December 28th 2001: Regular Series: SPX Long - NOVA 281.5 Million SPX Short- URSA 237.9 Million NDX Long - OTC 1.029 BILLIONBEARISH NDX Short- ARKTOS 89.4 MillionBULLISH XAU Precious Metals 38.3 MillionBULLISH Energy 25.9 MillionBULLISH Banking 26.4 MillionBULLISH Biotech 376.8 MillionBEARISH Money Market 1.218 BILLION ***************************************** Dynamic Series (200% correlation to Index) SPX Long - TITAN 150.4 MillionBEARISH SPX Short- TEMPEST 126.2 MillionBULLISH NDX Long - VELOCITY 241.8 MillionBEARISH NDX Short- VENTURE 125.2 MillionBULLISH ******************************************* Seasonality year-end grind higher has laid waste to my prognostication of pullback. It simply hasn't happened. The beginning of 2001, the first trading day of the new year was down. Then AG pulled the surprise inter-meeting rate cut on 2nd trading day and it was a short squeeze melt-up. But by the end of the first week the market was still down across the board. In 2000 the first trading week was down for SPX and DOW but up for COMP. SPX and COMP were down for week but DOW was up for the week. The DOW hit its all time high one week later on Friday, January 14th, 2000 when it closed at DOW 11,723. So the broader indices SPX and COMP will tell the tape the first week of trading 2002 for the brush stroke balance of the year. Regular Series: 100% XAU Precious Metals Dynamic Series: 100% NDX Short VENTURE Best Regards, J.T.