Replies to post #5497 on Profunds index and sector trading (PRO)

[positiontrader]

Steve,

We are only 20 points away from my long awaited 1560 top.We will see if that truly is the number or if we will advance further.

Regards

Marc

[jrintl]

Could there be some hope here? We didn't form a morning low and bounce, as usual....semi stopped at 200 DMA at 560...

Underpinning of SPX (retail- consumer 70% of the economy) has not looked good for a couple months now...we also did not bounce hard out of the recent oversolds on Dow/SPX...

I'm assuming too that your close at highs signal WILL NOT be hit today (given the action)..

Bearmove, who was bullish all the way up, thinks now down...his argument: evidence now that earnings get sold. I guess his evidence is today?