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

To: Dan Duchardt who wrote (14829)	10/17/2002 11:58:49 PM
From: Killswitch	Read Replies (1) \| Respond to of 19219

In other news, Rydex takes a definitive turn to the bearish tonight IMO. Both NDX and SPX closed lower than Tuesday, yet tonight we have even more long assets and less short assets in every case than on Tues night. Also the money market fund has dropped down into a more neutral/topping area. As an example of what kind of movement we've seen over the past several sessions, in the Titan (200% SPX) fund we have gone from scraping the bottom of the recent range at $83.5M assets on Oct 7 to now more than doubling to $182.2M in assets... a level last seen on August 26 when the SPX closed about 50+ points north of here. Likewise the matching Tempest (200% inverse SPX) fund has gone from $488.2M on Oct 6 to $265.4M tonight... last around this level on Aug 27. So again I'll have to say that the rocket fuel looks mostly used up, and all these stragglers chasing performance are likely to be disappointed, at least in the short term.