Profunds index and sector trading

[nuclearpayload]

All good moves, Steve. We are getting into range of the bottom here. I covered one set of QQQ at 34.28. The next suspect is 34.15, which could be the end of this move down. Whatever happens down there will tell a lot, maybe even a clue to the rest of the year.

Fundamentally, I can't see any reason to bounce from down here, but technically, 1372/75 could provide a nice bounce. Maybe the bond market will have a minor collapse for a few weeks based on overreaction to the FED. Or speculation on retail for Christmas will drive up the stocks. I'm sure they'll tell us what caused the bounce about the time we get to the next top.

EDIT: We must have been typing at the same time.