daaverage...As you probably know, I have been pretty bearish since early August...I have been principally in the inverse 2X Rydex fund (RYVNX) since then..either partially (50%) or all in.
On 9/30 I entered a 50% long position in RYVYX trying to play an oversold bounce. I saw on 10/4 that the bounce was going to be small, and might be completed, so I exited to cash at the morning trade time, with a 1.2% profit....the decline through the rest of the day on 10/4 prompted me to enter short at the eod, and that position remains open as we speak.
regards.
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