Profunds index and sector trading

[michael03332002]

Hey Steve, I use esignal and as most probably can attest, I am very much a rookie at charts, but my INTC stoch chart is rolling over on all my time frames, so IF we get a gap over 29.00 in the AM will short it on a throw over play and look for a retest of the lower recent uptrend line which as of right now is just below 27.65 and rising daily.

IF I play it right, will probably exit the trade on any breach of 28 unless the volume is big...


If we get a break back below early 29.00 tomm and it doesnt repel on the retest, will exit the trade and lurk like a bass waiting for a school of minnows... <G>

Hopefully the futes in the AM will give us a goose over the 1500-10 levels on a spike open to short into....

As usual I will probably be early by 1-2 days and get whipped out of the trade, but what the hey, gonna play gotta pay....

g/l all

M