Replies to post #9658 on Profunds index and sector trading (PRO)

[was Steve]

thats one of the best posts i have seen on IHUB. thanks for continuing to share your thoughts on the market and may you get to keep more of those profits on the next trade.
steve

[jrintl]

Agreed. Thanks much for your detail. Much Appreciated

[otraque]

i admit that if we get to this level << Upon a NDX move above 1560, I will take a position in the Rydex Velocity (RYVYX) Fund.>> in terms going loooooong term(and i mean loooong) in the Rydex Venture fund i will be slipping into intuitive mode and deciding whether or not to put at least 50% of significant position.
Reason being a year from now no matter how much we may go farther than 1560 the 1560 mark will be nonetheless shattered and long loong gone as we move deeper into 2005.
It be should noted the mandatory expensing of options by 2005 took a big step towards being finalized this week.

[Z-M-L]

The NDX moved HIGHER today and closed right on the HIGH for the day at 1508.37. The (.786) retracement, of the entire decline from January 20th to March 24th, is 1518.91. However, Wave 2 of “any” Degree is the “only” position in the Elliott Wave Pattern that can retrace “upto” 100% of the previous Wave 1 and still be considered nothing more than a Wave 2 correction. The corrective a-b-c nature of this rally, over the last eight to nine trading days, is much clearer in the DJIA and in stocks like IBM, GM, GE, HPQ, MSFT and others.

The “boys” may hold the markets UP through this Thursday to keep everyone nice and Bullish over the long weekend; before they continue their larceny of the public.

So we wait until one of two possible outcomes emerges:

1) Upon a NDX move above 1560, I will take a position in the Rydex Velocity (RYVYX) Fund.
2) Upon a NDX move below 1430, I will take a position in the Rydex Venture (RYVNX) Fund.


Currently, I have a CASH position since 04/02/04 within the Aggressive Portion of the portfolio; while the Conservative Portion of the portfolio has been in Cash or Cash equivalents since 01/02/04.