Quote from AMT4SWA:
Covering more of my Rydex 200% Inverse S&P500 Long Term position I have had for over a year now.
I am also starting to buy some Rydex 200% S&P500 to play the LONG side starting today.....made a killing on the ride down and I am ready to start getting into a LONG position mainly for a bounce play (I also had a pretty strong BUY signal for the system I use trigger this early a.m.). Intraday only, I had a good ES LONG trade that I am still in just out of the open based off my BUY signal.