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

To: J.T. who wrote (14270)	8/16/2002 1:53:36 AM
From: J.T.	Respond to of 19219

Rydex Total Assets Update for Thursday, August 15th, 2002: ************** Money Market 1.601 BILLION *********** Regular Series: (100% Correlation to Index (Nova 150%)) SPX Long - NOVA 186.5 Million SPX Short- URSA 310.7 Million NDX Long - OTC 472.8 Million NDX Short- ARKTOS 138.9 Million ********** Dynamic Series: (200% correlation to Index) SPX Long - TITAN 164.8 Million SPX Short- TEMPEST 241.5 Million NDX Long - VELOCITY 208.4 Million NDX Short- VENTURE 210.0 Million ********* Sector Funds: XAU Precious Metals 62.7 Million XOI Energy 14.6 Million OSX Energy Services 18.9 Million BKX Banking 64.4 Million BTK Biotech 203.9 Million RUT 2000 - MIKROS 28.8 Million RLX Retail 19.5 Million Telecommunications 4.1 Million *************************************** Major Bullish divergence as Rydex money is starting to fight the tape. Money Market levels increase back above double overbought levels on a smart Up day... again in the last hour of trading. All double your pleasure dynamic funds went against the grain: Long Funds TA Titan and Velocity Decreased and Short Funds TA Tempest and Venture Increased**. While the TA levels barely moved, it is important to note the change in trend. Likewise, Regular Series Long/Short Funds TA barely budged. And TA in certain sector funds pulled back on an up day... This market is climbing a wall of worry and has much Higher to go. NDX closed at NDX 980. Look for it to take out NDX 1,000 close tomorrow, latest by Monday... a level above NDX 1000 not seen since July 17th... BKX (785.05) first close back above BKX 780 since July 11th. The times they are a changin' Regular Series: 100% Long NDX OTC Dynamic Series: 100% Long SPX TITAN Best Regards, J.T.