Profunds index and sector trading

[was Steve]

pullback target now raised to 1580 ndx from 1550-60 due to the higher than expected levels attained on this bounce. the next leg up should see 1630-1640 ndx which is getting darn close to a new rally high.

the eoy rally did indeed start earlier than i thought and we never got that last leg down. the eoy rally was slated to run 1-2 months which takes it to mid november to mid december.

with a 1 month hold time in wifeys 401k, its going to be a bit tricky, but i would be open to an entry on a good three wave pullback from the 1630-40 level. that buy in could be in the 1560-1580 level.