Profunds index and sector trading

[was Steve]

back to class again today and rest of the week for hte most part. big moves in futes overnight. dollar got killed and gold surging. looks like its a straight shot to 100 xau from here.

oil also up sharply to almost 50 dollars again

index futes also poised to gap down 2/3 of a percent in ndx so longs (myself included) will be getting beat up today. i may get follow thru in Pharma sector and TL does go counter ndx sometimes so i may be alright. that and they have gone down what seems like almost every day for months. (that is pretty much true except for a 4 day bounce weeks ago). sure would be nice to get a deja vu on that about now as my patience is growing mighty thin for the telecom sector.