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

To: J.T. who wrote (17368)	6/16/2003 5:53:50 PM
From: dvdw©	Read Replies (2) \| Respond to of 19219

83.3% of Money Market assets short. Market cant be overbought with a 33% imbalance to equalibrium 50%/50. (better yet 60 long 40 Short.) Risk is too high to maintain an open short position, risk is compounded by the Avg daily volume, measured against days to cover short open interest. Factors affecting coverage cost; 1. Supply of stock; is their selling liquidity. 2 Place in line, will you be front run by those who see the risk ahead of you? 3. Cost to cover in a rising market, 3b. combined with potential Supply imbalance? Other factors; Is the stock your short being subject to obfuscation? Where the shorts are confusing their own activity, by shorting more and calling that selling? In the absence of real selling, where Investors are giving up shares for fundamental reasons? ( you have a huge problem if this is your predicament and you dont even realize what is what.)

To: J.T. who wrote (17368)	7/1/2003 4:08:13 AM
From: J.T.	Read Replies (4) \| Respond to of 19219

Rydex Total Assets Update for Monday, June 30th, 2003: ************** Money Market 1.784 BILLION *********** Regular Series: (100% Correlation to Index (Nova 150%)) SPX Long - NOVA 187.4 Million SPX Short- URSA 670.7 Million NDX Long - OTC 796.1 Million NDX Short- ARKTOS 177.2 Million ********** Dynamic Series: (200% correlation to Index) SPX Long - TITAN 191.4 Million SPX Short- TEMPEST 502.3 Million NDX Long - VELOCITY 306.6 Million NDX Short- VENTURE 377.5 Million ********* Sector Funds: XAU Precious Metals 112.5 Million XOI Energy 13.5 Million OSX Energy Services 14.6 Million BKX Banking 10.0 Million BTK Biotech 184.8 Million RUT 2000 - MIKROS 105.2 Million RLX Retail 42.8 Million Telecommunications 16.5 Million ************** The market is set to launch upside hard. Rydex numbers confirm it market stealth move higher dead ahead. ISM Manufacturing Survey combined with Construction Spending tomorrow may be the excuse - the catalyst spark that sets full throttle engine upside blast. Maybe a shake and bake down first and then Thursday's jobless claims or employment report. Nonetheless, Mr. market waits for no one and the last few days caught em leaning (myself included) the wrong way. I haven't seen a rolling correction like this in some time and yet supports have held across the board with slight elasticity: DOW 9,000 SPX 975 COMP 1,600 NDX 1,190 SOX 355 BKX 855 BTK 430 DRG 330 XVG 295 VLE 1,210 RUT 440 In billiards, they call this move the three rail kicks and banks as the market has moved nice and slow off the first two rail supports. Cue ball (Mr. Market) coming out of that third rail is like a shot out of a cannon this will catch most by surprise. I want to see the quality and breadth of this next upside advance to see if it is running out of gas or has more fuel to head significantly higher. Minimum upside intraday targets for July: DOW 9,450 SPX 1,020 COMP 1,720 NDX 1,280 SOX 405 BKX 905 RUT 475 Regular Series: Long 100% SPX Nova Dynamic Series: Long 100% NDX Velocity Best Regards, J.T.