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Strategies & Market Trends : Rydex Nova/Ursa, Make money in both up and down markets.
RYURX 94.11-0.5%Jan 22 4:00 PM EST

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To: Stoctrash who wrote (91)5/1/1998 9:10:00 PM
From: Richard Mazzarella  Read Replies (2) of 195
 
A bad couple of days for Ursa. Everybody has been so trained to buy the dips that one can hardly see the dip anymore. <VBG> I was almost tempted to sell Ursa today, but glad I held on. The market is toping, the party is almost over. The utilities may be suggesting a serious decline, not just a couple of day correction. While my read of the stock market forecaster has the market still a buy, the analysis of the Elliott wave forecaster I subscribe is calling for short and intermediate term down, with long term sideways.
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