Profunds index and sector trading

[was Steve]

reversals from multi week trends like we are in now and were in on way down in august are usually fast and steep initially. the indexes will linger in the topping area for up to a few weeks before reversing. all you have to do is pull up daily or weekly index charts to see for yourself. this is why i took a partial short position today. i want to have a piece of teh action in case it starts a day or two early