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Strategies & Market Trends : Rydex Nova/Ursa, Make money in both up and down markets. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Battaglia who wrote (123)	8/23/1998 2:50:00 PM
From: Skipperr	Read Replies (1) \| Respond to of 195

Jim - Alright! Glad to hear from someone on this thread! I feel that because trading the Rydex funds can only be activated on the close, I really have to stay ahead of the market. I believe trading intraday would be easier because I could take a loss more quickly there to limit exposure. It's like Perry Kaufman in his interview in The Bonus Issue of Stocks & Commodities magazine says, the NYSE (substitute S&P) tends to be the noisiest, the least trending, and the least able to produce a profit using a trend-following system, therefore, I've determined that I must determine when are the lows (Buy) and when are the highs (Sell). Along with that, risk management, or, money management, is very important. I believe that we have the lows ahead of us and I want to use good money management to scale in to prepare for the slide into those lows. It's hard enough trying to figure out when those lows and highs are going to take place, but then, I have to figure a good "Trigger" for buying or selling with that once-per-day limitation. So, I've been looking at using some sort of a breakout indicator like the Parabolic and/or Robert Krausz's Dynamic Trio. The only problem is that both of these can give "False" breakouts. The Princeton Economics site as well as Temple Williams EWave "FreeSite" offer good perspectives. Also consider that September, ahead of us, is considered seasonally the weakest month of the year, and, I read somewhere, that the Foundation For The Study of Cycles has determined that more cycles are going to hit lows in October than ever before. Like I said, I'm 2/5's invested in Ursa looking to get more fully invested before we get through the end-of-the-month seasonal strength. I wonder if there will be any strength at all going into the Labor Day holiday period... Great to hear from you. We definitely have to maintain a unique perspective in order to successfully trade these Rydex funds that are limited to only once per day - Let's continue to share ideas... Skipperr