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

To: J.T. who wrote (11559)	4/10/2002 8:10:10 PM
From: t2	Read Replies (1) \| Respond to of 19219

The AAII index indicated that bullishness had dropped to about 40% (weekend Barrons) from the low 50s the week before. That seems like a low number compared to what I had seen for months. This seems consistent with the Artkos/OTC ratio of 17.7 as of last evening. Given that insider selling window has closed, not much in new offerings, lots of inflows---looks to be a setup for a short term rally at the very least. In addition, tech funds had seen outflows for months even while there were inflows into growth funds. One has to conclude that there will be many growth funds that will be looking to take their profits from other groups and move into tech. In addition, many of the largest mutual funds also do not invest much in technology stocks based upon what I have seen in their holdings. Lots of cyclical, financial and consumer stocks in those porfolios. One would think that some of them might now be ready to buy into the beaten up sub groups in technology...even if the valuations at this point do not look good. Funds generally look to buy positions to hold for longer periods anyways. jmho

To: J.T. who wrote (11559)	4/11/2002 12:28:14 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Wednesday, April 10th, 2002: ************** Money Market 1.326 BILLION *********** Regular Series: (100% Correlation to Index (Nova 150%)) SPX Long - NOVA 274.5 MillionBULLISH SPX Short- URSA 244.1 MillionBULLISH NDX Long - OTC 751.5 MillionBULLISH NDX Short- ARKTOS 127.6 MillionBULLISH ********** Dynamic Series: (200% correlation to Index) SPX Long - TITAN 191.8 MillionNear All Time High SPX Short- TEMPEST 162.8 MillionBULLISH NDX Long - VELOCITY 175.1 MillionBULLISH Lowest Close Since 03/01/02 NDX Short- VENTURE 182.8 MillionBULLISH Highest Close Since 03/1/02 ********* Sector Funds: XAU Precious Metals 67.1 Million XOI Energy 43.5 Million OSX Energy Services 92.4 MillionBEARISH Double Overbought BKX Banking 44.0 Million BTK Biotech 242.3 MillionBULLISH RUT 2000 - MIKROS 182.6 MillionNear All Time High RLX Retail 37.5 MillionBULLISH Oversold Telecommunications 4.8 MillionBULLISH Double Oversold ******************************************* Last night, rydex sentiment read had telegraphed that a reversal was imminent. Tonight, we see skepticism in NDX rally as Rydex Regular NDX TA Funds barely budged. More importantly, Total Assets in the NDX Double your pleasure leveraged funds did just the opposite of normal market behavior. Dynamic NDX Long Velocity TA decreased and NDX Short Venture TA increased. We are now going to see leadership change and NDX is going to take the baton from RUT 2000 Mikros and Energy Services OSX (among others) and outperform the market dead ahead over the next few weeks at a minimum. Regular Series: 100% Long NDX OTC Dynamic Series: 100% SPX Long TITAN Best Regards, J.T.