Replies to post #5536 on Profunds index and sector trading (PRO)

[was Steve]

another nickle for you and i lost a roll of nickles. got absoluoltely desstroyed on my gold long. acct was net flat with 50% longs and shorts for a net of flat. despite that i estimated a loss of 3.5%. not a good day for me.

[M3]

Warp, I've been reading your calls and have found that your model must be very similar to a new one I have developed, though yesterday I went 100% long and jumped out for Intel. We could reach very oversold levels tomorrow early for a nice intraday scalp, depending on IBM.

Regarding your five day OS long, are you saying you eventually hedge after 5 days both short and long if the market continues to go down?

Does it work the same for OB? If so, how would it have worked in the parabolic move of 99? Is there ever a time you would not have gotten out break even? It's an interesting strategy I could have used recently going 2X short DIA WAY TOO EARLY <g>.

Good trading.

M3