To: Casaubon who wrote (17392 ) 6/22/2003 11:57:10 AM From: dvdw© Respond to of 19219 Caus; I have no illusions about RYDEX size relative to the marketplace; for me Rydex isnt a product to buy or sell its just a proxy for the broader market. If its not absolute so be it. JT can respond to the specifics of Rydex far better than I can, so if there is something that needs to be said, he can say it. But your point 2 isnt only about Rydex; you stated The concept of "trend" is diametrically opposed to this notion of contrarian investing. While this may be true as applied to RYDEX, Trend as viewed by investors is essential to investing, and thus is a measure of INTENT, and its importance reflects the changing magnitude occurring between time frames, where being contrarian is not useful. Trend is being on the right side of the action within the context of Intent applied over time. Therefore it has nothing what so ever to do with being contrarian or not. Timing an investment means your capital is in the right place at the right time for the Intended purpose; essential to capturing trend dynamics which occur over extended periods of time with varying degrees of intensity. Being contrarian is a wholly different metric which best serves the user at both the end and the beginning of a trend. Its purpose is as an aid in planning for future trend changes, its not useful or productive to be contrarian within the trend, as that would be fading reality, and reality needs to be rationalized differently using a different measure of information sets, more effectively monitored within the context of Supply and demand..or a combination of other metrics. Being contrarian has risen in todays language from its status as a well worn cliche, to take on new meaning applied "relatively", to suit the purposes of anyone with a projection, they would "prefer" to see happen.