AI
Trade: gain is .72%, hold 1 day
bought RYBIX on 3-6-03 (my birthday) at 5.57
sold RYBIX on 3-7-03 (not my bday) at 5.61
I used the RYDEX version of the basic materials fund as Ameriturd doesn't have an agreement with profunds so i couldn't trade the BMPIX which would have netted me a profit of 1.48%. RYDEX doesnt leverage their sector funds which was one of the reasons why i selected to open a direct acct with profunds. the other is profunds are directly tied to the dow jones sector funds on the main page of this thread.
I chose the basic materials sector as it had gotten deeply oversold on the rsi 5 and closed well under the lower bollinger band. I closed the trade as it is just about as likely to continue down as up and i dont like those odds.
steve
bought RYBIX on 3-6-03 (my birthday) at 5.57
sold RYBIX on 3-7-03 (not my bday) at 5.61
I used the RYDEX version of the basic materials fund as Ameriturd doesn't have an agreement with profunds so i couldn't trade the BMPIX which would have netted me a profit of 1.48%. RYDEX doesnt leverage their sector funds which was one of the reasons why i selected to open a direct acct with profunds. the other is profunds are directly tied to the dow jones sector funds on the main page of this thread.
I chose the basic materials sector as it had gotten deeply oversold on the rsi 5 and closed well under the lower bollinger band. I closed the trade as it is just about as likely to continue down as up and i dont like those odds.
steve
2005...the year of the shorts and small dogs.
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