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.
Hi augie, wanted to share a weekly snapshot with you. if i could even count how many of your charts i have bookmarked, it would be a lot (ggg). since learning how to put graphs in posts i have started creating messages like this. i use them to get a feel for how things are during the day or in after hours as part of my planning for the next day. steve
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