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 93.86

0.0%

Jan 8 4:00 PM EST

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To: epicure who wrote (142)	8/28/1998 8:49:00 AM
From: Skipperr	Read Replies (1) of 195

X - Thank you for your comments. I did pretty well selling URSA yesterday. Now, today is a new day. I've explained my reasoning for the trade before. Now, I have to wait to see what develops today. Of course, in regard to various oscillators, envelopes, etc., the S&P is in a "Buy" zone. Now, I have to look for a trigger to get me long in NOVA. Quite possibly, the market could rally only slightly, which would imply more selling into the expected Sept lows. Then, I would be looking to buy URSA. Before that, I do need to see weakness in the rally, knowing full well that we will not get to the traditional "overbought" status as might have occurred before July 20. I do agree with you that small investors have been conditioned to Buy The Dips. We'll just have to see what happens..... Sounds like you're doing very well in individual stocks. If you see a good opportunity developing, please pass it on... Good luck to you! Skipperr

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