Rydex Nova/Ursa, Make money in both up and down markets. Message Board

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Strategies & Market Trends : Rydex Nova/Ursa, Make money in both up and down markets.

RYURX 93.61

-0.2%

Jan 15 4:00 PM EST

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To: RagTimeBand who wrote (112)	7/7/1998 7:34:00 AM
From: Juan Parami	Read Replies (2) of 195

Has this thread died? I am an Australian who has followed this thread avidly for some months with a view to trading Rydex Nova and Ursa. Seems the bulls have worn you bears down. I learned about these funds from a chap called Richard Mojena whose site I monitor each week. You might find it interesting. members.aol.com My concern is that he only updates it at weekend and thats a long time if the shit hits the fan on a Monday. I have also considered putting $15K with ’xpert Market Minder and forgetting it. marketminder.net In some ways I feel Richard Mojena's approach is preferable to the constant swapping of accounts that ’xpert Market Minder go in for. It is a lot harder for us Aussies as the A$ has lost quite a bit of ground against the US$ in the last few weeks. My feeling is that our dollar is 10% undervalued at present and I keep delaying my entry into the US Market hoping for a comeback. IMO October 98 is when the big bang occurs about the time the dow peaks at 10,000. I reckon stocks will be overvalued about 25-30% by then and a likewise correction would present some wonderful buying opportunities. Does anyone out there know anything about the above 2 sites or know of any good market timing sites? Regards John

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