Replies to post #5495 on Profunds index and sector trading (PRO)

[Namiar]

Hey Steve,

Maybe I can offer up some words of hope for tomorrow.

I went to cash today based on an OB signal. I ran these number at 12:45 PST. I just ran the latest numbers at 1:15 and got a deeper OB signal.

In my latest trend testing experiments, as you know I set the next days position based on 5 market variables. That model is set up to go short every now and then during deep OB situations. Where the level of OB is varied to adjust for "hotness" of the Bull market. When the model goes short, the signal it is about 80% successful that the next day will be a downer.

Well, despite the current hotness of the market, it looks like I've got a short signal for tomorrow. But I will need to wait for Stock Charts to post their internals numbers in about 30 minutes in order to confirm the short signal.

[otraque]

Looking for a nuance, something that signals bottom in Rydex bear assets(now at 1177).
This is what i see, the descent the past 2/3weeks has been a steady about 45degree incline--it went up friday and down today.
Looking back the far most common bottom in RYDEX bear assets is an estimated 70-89degree sharp incline -- a quite distinctive pattern on the chart(back into 1998).
So this is what i myself want see.
Plunges can go near directly to 1000 or even 750.
Caveat, we could hit 750 and flatline; that is the worst case scenario. gd
p.s. RYVNX cash flow was -4.5 million after having a 3 day previous +13million cash flow.
Assets now 358, were 372 on close friday.