Profunds index and sector trading

[was Steve]

some thoughts from a post to welles on aj's board

<sounds like a good plan. the indexes started their year end rally 2 weeks early foiling the last portion of my map which would have saw 1140-1150 spx. looking thru some charts this am, we are in a sweet spot for a continuation now. if for whatever reason the market only advances a total of 2-3% or so over the next 4-5 weeks that would more than likely lead to a significant selloff.

for round numbers lets say that if the ndx is not over 1670 by december 10th (wifeys birthday), then it would be a good time to take the profits on the calls and dump the rest of your loot into the short funds.

a move above 1670 in that timeframe and the ndx could easily power up to 1750 or more.