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

To: J.T. who wrote (11735)	4/26/2002 12:00:24 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Thursday, April 25th, 2002: ************** Money Market 1.629 BILLIONBULLISH Double Overbought ************* Regular Series: (100% Correlation to Index (Nova 150%)) SPX Long - NOVA 237.8 MillionBULLISH SPX Short- URSA 265.0 MillionBULLISH Inversion NDX Long - OTC 703.6 MillionBULLISH Double Oversold NDX Short- ARKTOS 135.5 MillionBULLISH ********** Dynamic Series: (200% correlation to Index) SPX Long - TITAN 129.6 MillionBULLISH SPX Short- TEMPEST 159.1 MillionBULLISH Inversion NDX Long - VELOCITY 169.5 MillionBULLISH NDX Short- VENTURE 183.4 MillionBULLISH Inversion ********* Sector Funds: XAU Precious Metals 74.5 Million XOI Energy 43.7 Million OSX Energy Services 79.8 MillionBEARISH BKX Banking 54.6 Million BTK Biotech 198.7 MillionBULLISH Triple Oversold Near 3 1/2 Year Low RUT 2000 - MIKROS 144.9 MillionBULLISH RLX Retail 28.6 MillionBULLISH Double Oversold Telecommunications 6.3 MillionBULLISH ******************************************* All systems are go for the counter-trend MELT-UP. May is setting up quite BULLISH. Biotech arena is ripe for the picking and is beautiful for the next 1-2 years. But for tomorrows sake, I hope the boys throw a major curveball and we close down for the day. I want to see collateral damage tomorrow as it would set up well going into a long weekend. It would also set up well for one more sentiment poll drop getting II bellow 50% Bullish and back up above 32% Bears. MV and consensus are already primed but a crapout tomorrow could send these numbers reeling next week. Market tape action looked real strong in the afternoon going into the bell. It wreaked of stealth accumulation. This fits in well with the member boyz 7/8 who are trying to accomplish a feat not seen since fall into Dec 1995 14/15 on the accumulation front. This type of tape action suggests tomorrow will close up. But from a sentiment standpoint, I hope we get ugly and close down. My Chinese water torture on the long side continues. Regular Series: 100% Long NDX OTC Dynamic Series: 100% SPX Long TITAN Best Regards, J.T.