Taking a trip to the bearish side, but understand the bull could break loose!

It looks like my idea that the market was going higher, was not a head fake. The moves I made in the Rydex to the bullish side kept my Rydex losses down. These Rydex positions are to some degree to provide protection to the larger long portion of my portfolio. Unless the market is in a long term uptrend, I don't try to capture all the gains with the Rydex portion. When the market turns to the downside, I really try to make profits with these Rydex investments to stop the losses from long term positions. I have a few mutual funds that are closed and have no intention of leaving strong performers behind me for a short term loss protection. Therefore, this gives me the protection of principal I need.

I clearly did not move bullish enough and did feel some pain in the RYVNX. When you go down twice as fast as then market goes up and the market goes up it can hurt in a hurry!

My current Rydex position is, after shifting to a slightly more market bearish posture tonight:

69% DIA: RYCWX (2v) 100%, RYCVX (2^) 0%
20% S&P: RYTPX (2v) 76%, RYTNX (2^) 24%
11% QQQQ: RYVNX (2v) 87%, RYVYX (2^) 13%

This represents about 16% of my portfolio.

Cash is about 9% and RYWBX(short the USD) is 2.3%.

On the 10th, I said within 7 trading days I would be turning bearish. I made my first move bearish yesterday, and a larger one today. I think we are probably within 4 days of a short term top.

I still think we will be signficantly lower by mid April, but there is a chance this market could breakout for a real rally. My technical indicators aren't saying that though. Time will tell.

As always do your own due diligence and make your own decisions. No one knows for certain what tomorrow will bring. Only you can be responsible for your own decisions. I may hold bullish and/or bearish positions without warning and these may change without warning.

The real purpose of these notes is to help me understand why I make the moves I make. Looking back I hope to understand what worked and what didn't. Life is a real learning experience with real money, real bodies, real consequences, and real rewards.