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

To: J.T. who wrote (10681)	2/21/2002 4:08:05 PM
From: David Howe	Read Replies (1) \| Respond to of 19219

Can't wait to see the Rydex numbers tonight. Fear is rampant. I've heard that bearishness during a retest is higher than the 1st low. If we're testing the Sept lows then the level of fear fits. IMO, the retest will hold and will be a huge buying opp. Unfortunately under that scenario, we've got a ways to go before the BIG bounce. Might get a small bounce the next couple of days though. This thing is oversold, IMO. Is that enough uncertainty for one post? Dave

To: J.T. who wrote (10681)	2/21/2002 6:48:18 PM
From: Joe Smith	Respond to of 19219

Sitting on SPX 1080 again. The battleground is tested. Will it hold through next week?

To: J.T. who wrote (10681)	2/22/2002 12:35:45 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Thursday, February 21st, 2002: ************** Money Market 1.640 BILLIONBULLISH Double OVERBOUGHT ************* Regular Series: (100% Correlation to Index (Nova 150%)) SPX Long - NOVA 174.5 MillionBULLISH Lowest Close since 09/21/01 SPX Short- URSA 318.0 MillionBULLISH Highest Close Since 10/17/2000 NDX Long - OTC 766.8 MillionBULLISH Lowest Close Since 10/09/01 NDX Short- ARKTOS 145.8 MillionBULLISH ********** Dynamic Series: (200% correlation to Index) SPX Long - TITAN 71.6 MillionBULLISH Inversion SPX Short- TEMPEST 205.9 MillionBULLISH ALL TIME HIGHS NDX Long - VELOCITY 156.2 MillionBULLISH Inversion NDX Short- VENTURE 290.6 MillionBULLISH ALL TIME HIGHS ********* Sector Funds: XAU Precious Metals 84.2 MillionBEARISH XOI Energy 20.9 MillionBULLISH OSX Energy Services 33.6 MillionBULLISH BKX Banking 15.3 MillionBULLISH BTK Biotech 229.1 MillionBULLISH RUT 2000 - MIKROS 35.3 MillionBULLISH RLX Retail 89.0 MillionBEARISH ******************************************* No commentary until this weekend. My friends high school kids at State Wrestling Championship both won their first two rounds and going to semi-finals tomorrow. Regular Series: 100% Long NDX OTC Dynamic Series: 100% Long SPX TITAN Best Regards, J.T.