Profunds index and sector trading

[kanuti]

Reading the news and threads I am seeing lots of talk about tomorrows initial unemployment claims. The huge number is expected but how the market will react is anyone guess. My thoughts are doubting the number will be as high as that 700,000 - 800,000 forecasted by several. Not that I don't believe more than that were thrown out of work but simply because I can not imagine government services operated smoothly enough so even half of the possible claims processed. With that in mind if the report sparks an attempted recovery of today's drop I will be looking to re-enter short.

If we follow to the downside I will once again be kicking myself then looking for a RSI buy. So I guess that means I am sort of on the same page as you again.