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

To: Matthew L. Jones who wrote (23623)	8/23/1999 3:14:00 PM
From: James F. Hopkins	Respond to of 99985

Matt;p Yes using UOPIX ( long ); or USPIX ( short ) you can be leveraged 2x ( more like 1.8 ) without using margin. If you stay within your cash buying power you can't get forced out of them. They move more than the NDX so I don't recommend using margin if in them . I do it but only to rope them off and close the margin the same day. --------------- IE you get closing price ( navs ) on the funds, say I want to exit the long fund today but I think the market is going down the rest of the day I may short qqq on market at that point and exit the short on the close , either way it goes.. I have to have my fund order in by 2pm EST and this hedges me if a market change comes after I put in a sell on the fund. I balance the see saw using 100 qqq for each 5K in the fund, ( roughly ). And I'm just using the QQQ to lock the NAV by proxy at an interday price I'm happy with. Like wise in the USPIX ( short fund ) I may rope it off with a long on the QQQ and will use margin on the QQQ if I need to as most often when I do this I'm coming out of the fund , and will also close the QQQ , ( not always but more often than not) Jim