SPDR S&P 500 (SPY)

[Two-timer]

euterpe1, here's one other thought. I know you trade a Rydex account like I do. When my daily charts suggest we're closing in on a top, instead of going to cash I take a straddle (equal long/short) position on the 2x index I'm trading. If the price goes higher, let's say, then I'll jettison my straddle and put on another straddle (at the higher price). When I'm sure I have the best position possible before a decline (or rally), I'll jettison the opposite position. If I'm wrong, I'll make readjustments by adding or subtracting from my position. Doesn't cost anything and it's usually successful. Two