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 93.29

-0.6%

Jan 9 4:00 PM EST

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To: Skipperr who wrote (139)	8/27/1998 10:09:00 PM
From: epicure	Read Replies (1) of 195

AH- ok let's see, I am part investor part trader. I trade via options. URSA is a hedge against my longs, it doesn't move enough for me to trade it. I will sell it when I think we have made a real bottom, might be tomorrow. Don't know yet. As for the 401k- I missed out on a little appreciation, but seeing as how you can't take losses in a 401k I thought I did the prudent thing. Tomorrow- down at least to begin with, but we are near an intermediate bottom if not a real bottom, so could go up at the end. And I think you are right about the Labor Day trend. But these are just guesses- my charts just show down, but oversold. None of them are turning yet. And Utilities look like they will join the party and go down too.

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