Profunds index and sector trading

[jrintl]

using the count Onischka pointed to in his summary (and some, like JWest and jjstingray were keeping up with on SI)- we are either doing a 4 here (with 5th leg down to come) OR (and this is looking more favorable now- since NDX/SOXX outperforming COMP- we have actually turned and should enter the furious 1-2 week rally up). Actually, when I post stuff like this- it usually is a turn point/reversal intra-day- and I see now NDX is having some trouble-g, and couldn't break morning highs..

Guess we'll see. The caving at Greenspan's testimony did seem too 'cute' (meaning- if you believe in conspiracy theories- manipulated) but who knows. Price will tell us..