Profunds index and sector trading

[was Steve]

we have been green all day and new highs dont look to match the number set on the last 4 days. negative divergence indicating a narrowing of the rally. while we may get that big breakout, there was hardly a better oppty than this am when futes were up to the equivolent of 1515 or a 4.5 month high. fed meeting on wednesday. if ndx doesnt get past 1510 by then, you can bet i will be fully short if not earlier