Profunds index and sector trading

[positiontrader]

Augie,

This is what I wrote to Steve.

Posted by: positiontrader
In reply to: Steve who wrote msg# 1783 Date:4/21/2003 1:14:27 PM
Post #of 1795

Steve,

Today is an interesting one.As you know when I predict countertrend days everything could change depending on what the market decides to do.I can only react to what I see.

If we finish strong with the NDX> 1090 I will probably go with my plan for a countertrend day tomorrow.If we close green but <1090 I will probably move to cash unclear of what tomorrow will hold.If we close red but>1060 I will stay long thinking this is the countertrend day come early.If we close <1060 I am out in cash to watch.

Regards

Marc