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On Mar 06 03:18 PM Malkiel wrote:

> No, you need a day like today to be able to buy your short positions
> (which you would do if you are convinced that the overall market,
> or at least a chosen sector of it, is not trending up or is moving
> up and down). I like to keep it much simpler though, say by moving
> back and forth between a general market index ETF (like QLD ultralong
> for the Nasdaq) and its short equivalent (QID in this case). you
> buy the short as high as possible into the rally and sell it at the
> next convenient low, where you then simultaneously buy the long to
> ride back up. This is where volatility is your friend and flat or
> straightup trends are deadly. It's also where free trading in a
> tax-deferred account becomes a nice profit machine...]]>
Thu, 09 Oct 2008 19:37:38 -0400

On Mar 06 03:18 PM Malkiel wrote:

> No, you need a day like today to be able to buy your short positions
> (which you would do if you are convinced that the overall market,
> or at least a chosen sector of it, is not trending up or is moving
> up and down). I like to keep it much simpler though, say by moving
> back and forth between a general market index ETF (like QLD ultralong
> for the Nasdaq) and its short equivalent (QID in this case). you
> buy the short as high as possible into the rally and sell it at the
> next convenient low, where you then simultaneously buy the long to
> ride back up. This is where volatility is your friend and flat or
> straightup trends are deadly. It's also where free trading in a
> tax-deferred account becomes a nice profit machine...]]>
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