Profunds index and sector trading

[was Steve]

well gold was mean to me at the end of the day (but quite kind in the past few weeks). the fund dumped about 1.25% in the 30 min from when i entered the oreder to the close. that is one thing i dont like about profunds sectors. too much can happen in the last half hour especailly in gold.

i sold about 90% of the gold fund and went to cash. tempted to start building a short position, but passed since i had laid out on monday that if ndx got past 1435 it was headed to 1475. got all the way to 1450 today so is almost there already (ggg)