Profunds index and sector trading

[Ek]

Steve: i understand the sector was, and is weak, but i was counting on a long term support, which, for the PPH, is in the 68 level. the ease with which that support gave in, is what surprised me. but, then again, if the boyz needed volume, what better way to do it then break long term support. i bet quite a few stops were triggered. if this is true, we should move back up, and close higher. if not, i would avoid the sector for some time.

agree with your observation on NCs as well. i just watched IYK break short term support at 47 and change..

ek