Profunds index and sector trading

[was Steve]

For the next few years my bias will be bearish. That doesnt mean i am always bearish. i was one of only two or three folks on si and ihub predicting the reversal a few months ago. i was quite a lonely bull in those days. weekly charts rule and guide me longer term direction. that is down. It is good to have you here as it will keep me from tilting to far too the dark side. That can cost one a lot of money.

should we get to 1111 that would be a huge victory for the bulls today.
steve

i feel we sell off in afternoon, kinda thought it would be happening by now. close of 1090 is about right imo if it goes as i imagine.

i would be likely to lighten up on 1/3 of shorts to repostion higher.