Profunds index and sector trading

[was Steve]

i would think we had to be getting pretty close to the readings you were looking for. we had a few more records fall yesterday. for example, the all time high in new highs for nasdaq for a far as my charts can see.

at this point i have been beaten for so long that i cannot even imagine a 15% pullback EVER. it is almost incomprehendable for me to conjure up a positive thought about seeing less than 1500. market has beaten da bears into submission.