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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: OldAIMGuy who wrote (11372)6/2/2000 1:28:00 PM
From: bob wallace  Read Replies (1) of 18928
 
Hi Tom

well, I got to thinking, what is more negatively correlated
to uopix than uspix (the ultrashort fund)

so I looked at that, and just looking at the chart was enough to throw some cold water on the idea. it's
true you bought in during the whole time the ndx was climbing, but that is where the good news ends - the reversal wasn't near long enough to breakeven much less
make a profit

thus is gets more complicated - not only must their be
near negative correlation, but the mutal declines and recoveries would have to be near equal...

of course, this entire move may not be played out yet

Bob
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