Replies to post #34258 on Profunds index and sector trading (PRO)

[was Steve]

the 1600 area sure does look like a sweet short entry area with a stop at 1625. ideally i would like a dip early in the week to cover my 50% short position and go long into next week and then take my first 100% short position since may. something I have been patiently waiting for what seems like forever. the time is very near. i dont want to get too cute and miss the first plunge and realistically anywhere in here should be a great core short entry. worst case should be about a 1-2% move higher in the ndx or a 2-4% drawdown in the leveraged ndx fund

[3xBuBu]

Gizmo, I like your chart
it is backtesting the white line, but the little doji on Friday said going down