Profunds index and sector trading

[was Steve]

i think i agree (ng). congrats on your long from yesterday. a nice trade. up was likely but based on my rules i cant get long at this stage in the game. have to be concerned about a breakout from here. they could pop it monday and we'd have one. the sick feeling in my stomach is approaching levels that usually indicate we are close to the top. i will be adding to my short position at the close as i am assuming it holds up.
steve