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

To: Softechie who wrote (13730)	7/23/2002 9:57:12 PM
From: CYBERKEN	Read Replies (1) \| Respond to of 19219

It's a long, difficult process. Indictments take months. Trials and appeals take longer. Then some of them invariably skate. In the meantime, better solutions will have to take effect, and the markets will have to move on. Much as I'd like to see some lynchings-if they didn't hang Clinton, there won't be any ropes for these clowns...

To: Softechie who wrote (13730)	7/24/2002 1:31:08 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Tuesday, July 23rd, 2002: ************** Money Market 1.890 BILLION Near All Time Highs ************* Regular Series: (100% Correlation to Index (Nova 150%)) SPX Long - NOVA 116.4 Million Near 7 year lows ?? SPX Short- URSA 468.3 Million NDX Long - OTC 448.5 Million NDX Short- ARKTOS 137.2 Million ************ Dynamic Series: (200% correlation to Index) SPX Long - TITAN 62.3 Million SPX Short- TEMPEST 272.3 Million All Time Highs NDX Long - VELOCITY 149.2 Million NDX Short- VENTURE 185.5 Million *********** Sector Funds: XAU Precious Metals 38.7 Million XOI Energy 15.8 Million OSX Energy Services 10.7 Million BKX Banking 8.2 Million BTK Biotech 115.0 Million RUT 2000 - MIKROS 13.5 Million RLX Retail 14.0 Million ***************************************** What would the Lou Gehrig of investing be doing in a market like this? That is what Warren Buffet called the legendary Philip Carret (ca-RAY), who started the Pioneer Mutual Fund in 1924. Buffet said that "Philip Carret has the best truly long-term investment record of anyone I know". Carret lived thru 32 bull markets, 31 bear markets, 20 recessions and a depression until his death in 1999 at the age of 101. In times like these, Carret would say no different. Just keep it simple. Now is the time, if there ever was a time, to invest for the long term. Buy stock in companies you understand. Most important, look for good, committed management. Look for management that have conviction and believe in what they are doing. Watch and stay away from the fatal flaw in executives of major corporations: arrogance. Carret's long term market outlook: "I'm always Bullish". The U.S., if you take a broad historical view, probably has another century or two to go before it goes into the decline that every great empire has suffered. Sage words from the legend who knows and very Buffet-like buy low when the herd hates stocks and sell dear when the herd loves stocks. Just like the nyse members billion share mass accumulation since February. Regular Series: 100% Long NDX OTC Dynamic Series: 100% Long SPX TITAN Best Regards, J.T.