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Strategies & Market Trends : BEFRIEND THE TREND Short-term Options Trading Thread -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (3657)	6/18/2003 5:54:08 PM
From: Ken Adams	Read Replies (1) \| Respond to of 4058

Dan, I really favor the Rydex Fund Family! I've made good money with them going either way and I plan to continue to do so. This is my really serious money, so I go pretty cautious with it. Right now I'm completely flat but expecting this market to take a serious turn south. I gather the numbers on the stocks over the 200d SMA from IBD. I collect them every day and plug them into a Metastock chart about once a week. My first date of entry is 4/6/1992 and I'm solid from there. We are dangerously near a top, I'm just about as sure as I can be on something like this. Now, just to be sure we don't go higher yet, I'm not going to commit a dime to the Rydex Bear fund until I see some evidence of the indices starting to cave. I was premature with a boatload of puts this week and today had to dump for a small loss, but I believe I was wrong by just a few days. We'll see, as I'm ready to re-enter quickly. I even wired IB more money today to take advantage of what I think is going to be an amazing opportunity. Risking egg on my face.... I know.