Profunds index and sector trading

[Justa Werkenstiff]

Steve: Market is confusing because it is operating at an extreme like you say, i.e. "wild swings." By my meausres, on the NDX we are near the mirror image of the October low (not quite on the SPX but close) but on the other side of the ledger. But nobody seems to want to hear that which is typical at extremes where emotions rule. I am very encouraged by the vix turning up here --- if it sticks into the close that would be even better. Such is a good hint that the topping process is over in terms of price pretty much although it may take a few days or, then again, it may not.