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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Berney who wrote (19877)	7/11/1999 6:27:00 PM
From: James F. Hopkins	Respond to of 99985

Berney; I think you have it right enough, I just mentioned the funds as they are a way to go short in the IRA. I can make trading them sound a lot easier than it is, in fact on paper it looks like a cake walk, but I have traded them and it's not as easy as it looks on paper. Unless you see and feel a down "trend" has set in and will run at least 10% they are not worth fooling with they will be good in a bear market only. Trying to scalp a few dollars with them can be a losing game after you take expenses off. I've played both the USPIX( short) and UOPIX(long) and used the QQQ to hedge them off. The hedging process on the UOPIX can't work in an IRA, as you need to be able to short the QQQ to tie it off. It will work on the short fund if you do your homework and balance the position, as you tie it off with a long on the QQQ. ------------ Timing can be a mess and easy to miss. Jim