Profunds index and sector trading

[was Steve]

trading is not an easy thing to do but i think most make it harder than it needs to be myself especially included. first thing is to look at the big picture. are we in an uptrend or down trend. if so be long in the uptrend and short or cash in downtrend (which ever is more comfortable). individual sectors offer a great opportunity to prosper in almost any market as there are generally a few that are doing great even in downtrending markets. for example right now even after the nastiness in tech land there are 7 of profunds sector funds that are either at or very near new highs. on the flip side the tech sectors are in da toilet.

that said i have gone for the gusto in the semis and inets as they would have provided a better bounce return percentage...if they had bounced. i look at those other sector charts all the time and ask myself, steve what the fark are you doing messing around with these losers. get on over to something going up. of course i do not move as now i feel they owe me and i want my gains to come from them. A TERRIBLE MENTAL PROCESS FOR A TRADER!

most of that was for my benefit but if you or anyone else benefits, that will be a bonus