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

To: J.T. who wrote (11885)	4/29/2002 11:40:09 PM
From: bobby beara	Read Replies (1) \| Respond to of 19219

stockcharts.com JT, the rydex #'s, especially the mm funds are showing bearishness, but the leveraged rydex funds are way off the feb lows, they were much more bearish then, than now as we have broken those lows. and the put/call ratios show the same. it looks to me that the dow is headed back down to 9600 before the bulls have another chance.

To: J.T. who wrote (11885)	4/30/2002 12:53:28 AM
From: bobby beara	Respond to of 19219

Message 17133400 mita needs to get them leveraged boyz to match em up with the feb lows, give me 9600 will be there for a good bounce. b

To: J.T. who wrote (11885)	4/30/2002 11:56:37 PM
From: J.T.	Read Replies (6) \| Respond to of 19219

Rydex Total Assets Update for Tuesday, April 30th, 2002: ************* Money Market 1.499 BILLIONBULLISH Overbought ************* Regular Series: (100% Correlation to Index (Nova 150%)) SPX Long - NOVA 255.6 MillionBULLISH SPX Short- URSA 252.4 MillionBULLISH NDX Long - OTC 696.2 MillionBULLISH Double Oversold NDX Short- ARKTOS 129.1 MillionBULLISH ********** Dynamic Series: (200% correlation to Index) SPX Long - TITAN 138.0 MillionBULLISH SPX Short- TEMPEST 153.0 MillionBULLISH NDX Long - VELOCITY 199.3 Million NDX Short- VENTURE 184.7 MillionBULLISH *********** Sector Funds: XAU Precious Metals 76.9 MillionBEARISH XOI Energy 43.7 Million OSX Energy Services 80.1 MillionBEARISH BKX Banking 94.9 MillionBEARISH BTK Biotech 197.5 MillionBULLISH Triple Oversold Near 3 1/2 Year Low RUT 2000 - MIKROS 150.4 Million RLX Retail 33.8 MillionBULLISH Oversold Telecommunications 5.9 MillionBULLISH Oversold ***************************************** The fact that BKX TA doubled tonight is a negative mark for the Bulls short term. I have seen where money piles in hard to these sector funds and then gets taken out within a few trading days. Nevertheless, obviously a very big bet was made in the bank sector, don't know if it was black box related, but it makes me extremely uneasy. BKX 871 held today as it closed BKX 874.85. I would like BKX to close above BKX 871 tomorrow but I don't like the chances after seeing the spike in BKX TA. We will find out if this spike is a one day (or a few days)aberration or if something else is brewing. I am quite pleased NDX OTC TA stayed below 700 Mil. OTC seems to have a better rydex sentiment reaction ebb and flow to it than Velocity - at least from my perspective. For the market to do my bidding for me tomorrow, I would actually like to see a sloppy bifurcated market, one index up the other two down (or vice versa (DOW, SPX, COMP) which will hopefully create more seeds of doubt to any meaningful or sustainable continued market rally. This would, in turn, get TA levels more skeptical on the slope of hope in short order again. And if by some chance BKX can close above BKX 871 with BKX TA coming right back down I would be tickled pink. Of course, the market rarely does my bidding and asking for all these things to pass is like asking pigs to fly. Manyana. Regular Series: 100% Long NDX OTC Dynamic Series: 100% SPX Long TITAN Best Regards, J.T.