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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: doniam who wrote (163)	9/12/1998 6:19:00 AM
From: Cage Rattler	Respond to of 195

Doniam: Do I understand your use the Rydex-Spy connection correctly? When you feel the market trend is up early in the day, you buy Spy and place a Rydex Nova buy at 1545-Eastern time, then sell Spy at closing to lock in holdings? And the converse with a down market, shorting SPY and transferring to Ursa? Why not just hold the SPY position? I am interested in learning more about how you play the funds on a daily basis, and wonder if you have given thought to using the metal-oriented Rydex fund in your switching method? I've been trading via my Waterhouse account. I was told within the last month that the minimum entry cost was $10K for a non-IRA. I know your $25K figure was correct when I spoke directly to Rydex last year. To the best of your knowledge, has that Rydex entry fee remained constant following the "reverse split" about a month ago? Ciao, Ted