Profunds index and sector trading

[exp]

steve, a few comments:
(1) it's quite rare for spx to go down and non-tech sectors to go up and even rarer to be able to predict this in advance
(2) spx normally goes up more than non-tech sectors since spx is pulled up by normally much larger gains in its tech component while non-tech components typically perform on par with spx (bkx may be an exception)
(3) spx 2 vs 1.5 advantage over sectors and the fact that non-tech sector dow jones indices are market cap weighted make it hard to beat spx with non-tech sectors
(4) cutoff point at 3.30 for sector funds vs 3.55 for index funds adds to difficulty of entering/exiting profitable trades in non-tech sector funds
(5) tech sector funds such as semis, telcos, and wireless and also japan 2x fund may be of more interest than non-tech sector funds

anyhow, i'll be watching with interest your profunds trades..
good trading
george