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

To: J.T. who wrote (11206)	3/16/2002 1:25:56 AM
From: Killswitch	Respond to of 19219

Two things I'm curious about: 1. Why are the NDX dynamic series funds diverging from the regular series? They are relatively bearish, while the regular series (Arktos/OTC) are still on the bullish side. Note that the combined assets from all NDX funds have a ratio of 20 which is still above where the market bottomed last April, so I take it that overall the NDX funds are still bullish? 2. Since the SPX funds have gotten to a borderline neutral/bearish level, yet the NDX funds are still pretty bullish, do you think the NDX could do some catchup here while the SPX flounders a bit?

To: J.T. who wrote (11206)	3/16/2002 12:45:42 PM
From: Killswitch	Read Replies (1) \| Respond to of 19219

One other thought... looking at the charts (for instance the SPX) it looks like it may be forming a pretty well defined uptrend channel. The NDX and DJIA look the same. Also the SPX has a candle pattern over the past 3 days that looks very bottom-like. So if it does continue going back up without a retest of the 1140 area, you might want to buy back in, and think about recalibrating your intuitions regarding what levels in the SPX funds are truly bearish... looking back at the ratio data I have, even on the SPX data we are still above the areas where the market would top out in bull markets. In other words this could be like the VIX thing- we may be reverting back to levels that are more associated with bull markets... and failure to recognize that could cost you some significant upside.

To: J.T. who wrote (11206)	3/16/2002 8:18:15 PM
From: Square_Dealings	Respond to of 19219

Keep an eye on silver stocks J.T. Silver has been holding up better than gold lately and I believe it has possibility to outperform based on demand shortages in the improving economy and also as investment vehicle. Silver trading about 25% less than it costs to get it out of the ground. M.

To: J.T. who wrote (11206)	3/18/2002 3:42:59 PM
From: J.T.	Respond to of 19219

Rydex Dynamic Series, I have switched 100% from Money Market to SPX Short TEMPEST before tonights close for a short term scalp(hedge) 1 -2 days. Best Regards, J.T.

To: J.T. who wrote (11206)	3/19/2002 12:29:55 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Monday, March 18th, 2002: ************** Money Market 1.294 BILLION *********** Regular Series: (100% Correlation to Index (Nova 150%)) SPX Long - NOVA 359.7 Million SPX Short- URSA 210.5 Million NDX Long - OTC 886.6 Million NDX Short- ARKTOS 92.9 Million ********** Dynamic Series: (200% correlation to Index) SPX Long - TITAN 157.1 Million SPX Short- TEMPEST 141.4 Million NDX Long - VELOCITY 312.4 MillionBEARISH ALL TIME HIGH NDX Short- VENTURE 132.6 Million *********** Sector Funds: XAU Precious Metals 48.5 Million XOI Energy 61.3 MillionBEARISH Double Overbought OSX Energy Services 85.3 MillionBEARISH Double Overbought BKX Banking 54.5 MillionBEARISH Overbought BTK Biotech 271.8 MillionBULLISH RUT 2000 - MIKROS 121.7 Million RLX Retail 76.3 Million ***************************************** Regular Series: 100% Long NDX OTC Dynamic Series: 100% Short SPX TEMPEST Best Regards, J.T.