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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: augieboo who wrote (3467)	7/14/2002 10:42:21 PM
From: Lone Ranger	Respond to of 30712

Augie, That is an issue. See if you can find a period where the ndx was flat for a month or so. That should indicate something about the time decay. But you're right missing the direction is a bigger risk. You just don't want to get stuck holding a 2x fund without some kind of hedge, imho.

To: augieboo who wrote (3467)	7/14/2002 11:59:36 PM
From: Dnorman	Respond to of 30712

Augie, I did some numbers on USPIX starting 11/14/01 and I found overall from then to Friday the NDX was down 28.8% while USPIX was up 28.4%. I also checked out some short runs of around 12 trading days on a Flat market NDX going from 1582 to 1567 change was +1.31% vs -.96% on NDX. Up Mkt NDX going from 1342 to 1586 change was -29.5% versus + 18.2% for NDX. Down Market NDX going from 1550 to 1356 +21.9% versus - 13.5% on the NDX. I don't see anything that reflects 2X NDX in these figures