Profunds index and sector trading

[was Steve]

moved EM short back to ndx for monday so have a full load short the ndx again. Since my ndx trading has been pretty crappy this year i am going to work my way away from the ndx next week (???) and focus on other funds. at least thats my thinking now. this year is gettin mediocre quick. after donating another 3.23% last week i am only up 13.33% on the year. the revised target of 50-60% is slipping away quick the last two weeks and now the upper end of the stretch is just about toast barring an immediate reversal of fortunes next week. back to work (arghhh!)