Profunds index and sector trading

[positiontrader]

Steve,

It looks like tomorrow we will again be in opposite directions.

The reason I went long was that I do not think we will trend two days lower below the 20 d MA on the NDX.If we do I will be running to the sidelines because it will meet my definition of a major trend change down.It is not just another trading day tomorrow but a very important one.If we don't go up then I will have to rethink my "through the 200 d moving average and not look back for 2 years"scenerio and my "Reverse Head and Shoulders" theory.
I will be taking off my horns and reaching for my bear suit.

We will see.

Regards

Marc