Replies to post #5354 on Profunds index and sector trading (PRO)

[positiontrader]

Steve,

I can't believe I am holding short in an uptrend.I am breaking my own rule that when we are trending above the 20 d EMA to hold in cash or be long but not short.This is the longest I have seen for awhile that we have remained overbought on the dailies.

Regards

Marc

[onedrill]

Likewise, I hate it too and am about to
give up.
Will se what happens here this afternoon.

I am not prepared to go long though.
Still holding some gold stocks.

OD

[kanuti]

Most everything I look at says seriously over bought and I'm hanging on a bit longer. Started a DIA short and added a little to the QQQ short. If wrong will pay the price but have to go with what I see.