Profunds index and sector trading

[was Steve]

1600 ndx hit as predicted (just a few days early- bad index). now the question is will the ndx top out below 1625 or head back to the may highs. I was hoping we got a soft start to the week to sell the shorts i picked up friday, but not the case. i may just end up keeping them, barring of course a move past the stop out point at 1625 ndx.