MDA - Market Direction Analysis

[positiontrader]

Augie,

You may be right but at this time I am staying in cash.I think we will probably head down but I am concerned about getting burned in a reversal day.I will feel much better shorting after our true second leg up.(we just corrected the false 2nd leg and then some)

I learned something interesting today that perhaps you know.I found out that Rydex unlike Profunds has a 200% NDX fund that you could trade in and out of twice daily.Once in the morning,and at the close.This would have prevented a lot of pain on a day like yesterday when I could have went to money markets or to the Rydex 200% NDX short fund at 10:30 am rather than the end of day.I am going to get further info.
It won't help on my 2 retirement accounts that I have through Fidelity(Their computer program can't handle trading 2 days in a row)but it could be used in my other 2 accounts.

Regards

Marc