Replies to post #34692 on Profunds index and sector trading (PRO)

[Namiar]

thx tarm.

Not a great way to start off Q4 - for me that is. You are looking much better.

[CaribbeanJim]

I like how the DJIA conveniently found support at its May high, leaving open the possibility of an up day tomorrow.

It seems like there is a lot of scepticism on the three boards I follow... many people think we have double topped. I think it may partly be because many indicators that used to work, do not work well thanks to rotation to the large caps.

I'm long and strong the large caps (DJIA, SP500). I think the big question mark for me is the NAS100. Can it continue to outperform the DJIA and SP500 off the July low? Since it was the main index that participated in the internet bubble, I have some doubts.

To get a mirror image of our down in May-July, I think it is high time to revisit the 50dema. If so, I will be adding to my positions at the 50dema. It should power higher quickly after that 50dema is touched.