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

To: J.T. who wrote (15257)	12/3/2002 12:48:33 AM
From: lurqer	Read Replies (1) \| Respond to of 19219

Rydex Total Assets Update for Monday, December 2nd, 2002 Thanks J.T. I don't always agree with you, but I'm very appreciative of your efforts. lurqer

To: J.T. who wrote (15257)	12/3/2002 8:48:31 AM
From: Terry Whitman	Read Replies (1) \| Respond to of 19219

Thanx for the updates JT. Like you, I noticed the paltry holdings in the energy sector currently. It seems like just a few short weeks ago that telecom holdings were at similar levels. Actually, it WAS just a few short weeks ago. And look where they are now.. I'd add to my energy mutual fund, but it's a bad time of yr. to do that- Cap. gains distributions are just ahead. Don't want that extra tax load. You have any energy stocks in mind? TW

To: J.T. who wrote (15257)	12/5/2002 12:27:33 AM
From: J.T.	Read Replies (3) \| Respond to of 19219

Rydex Total Assets Update for Wednesday, December 4th, 2002: ************** Money Market BILLION *********** Regular Series: (100% Correlation to Index (Nova 150%)) SPX Long - NOVA Million SPX Short- URSA 475.0 MillionHighest Close Since 10/11 NDX Long - OTC Million NDX Short- ARKTOS Million ************ Dynamic Series: (200% correlation to Index) SPX Long - TITAN Million SPX Short- TEMPEST Million NDX Long - VELOCITY Million NDX Short- VENTURE Million ********* Sector Funds: XAU Precious Metals Million XOI Energy Million OSX Energy Services Million BKX Banking Million BTK Biotech Million RUT 2000 - MIKROS Million RLX Retail Million Telecommunications Million ***************************************** In two short days mr. market has satisfied the pullback called for in Monday nights update from COMP 1521 intraday high and COMP 1484 close: For the market to do my bidding for me at this juncture, I would like to see the pullback NOW. We need FEAR to permeate the bones of the weak longs and feed some mealtime confidence to the Bears to keep them short. I would like to see one hard day down and another chop and slop session 1 up 1 down with the one hard day down. If this set-up materializes and we hit a low around Weds or Thurs this week, I would like to see COMP 1426 maintained, or if it is broken, only 1 close below this level and the next consecutive close right back above and then we are off to the races. We hit an intraday low of COMP 1,412.92 and closed at COMP 1,430.35. Tomorrow is a swing day and best to be positioned long for this run back up to COMP 1,540 intraday high next week. However, it is not out of the realm of possibility to get one close below COMP 1426 in one of the next two trading days before this leg up - but I will not wait for this to materialize. I will continue to scalp position long calls and maintain my long rydex positions. Also legged into some gold stock puts today after closing long calls yesterday right before the bell. URSA TA pile on speaks volumes - especially after the SPX has given up less than 20 points in two days. We are going higher - still! BKX (772) is going to lead the charge and mow down BKX 800 + close for the first time since August 22nd. Look for BKX 825 - 830 intraday high before this leg runs course. Best Regards, J.T.