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Re: augieboo post# 2496

Thursday, 07/11/2002 8:44:19 PM

Thursday, July 11, 2002 8:44:19 PM

Post# of 704049
augie: Will do. But remember.....

I am not a professional trader. My current investment philosophy is to do as little trading as possible and to be out of the market as much as possible. I only want to make one or two big bets (intermediate-term trades) at a time when I think the indices will move 20% or more. This is because of the "slippage" involved in using the Rydex funds and the subsequent impossibility of getting in or out at precise bottoms or tops.

Having said that, I think there will be two big opportunities this year: (1) going short after this summer "rally" has taken place; (2) going long in the fall (end of September or early October) when the indices undergo what I think will be another steep decline.

I do subscribe to several market timing services and use those to help with entry and exit points.

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