Replies to post #5701 on Profunds index and sector trading (PRO)

[kanuti]

I have to agree with you there. One of these days a good 10-20% decline is coming. (I don't mean that large will happen in one day) But buy the dip has worked so well for so long I don't see it happening until almost no one sees it coming. This could well be the beginning of it as Marc suggested, I don't have a clue so I just daytrade for now.

[was Steve]

the powers that be have all but eliminated most of the shorts. it has been nothing but easy to make a penny on short side the last month. i have been so beaten into mental submission i truly cannot even imagine a drop to 1400. if i am at all representative of those of bearish persuasion ( and it try to be), id say its long over due to dump.

it has been a long time since we had a 2% drop in ndx. id look it up, but it would only make me sad to see how far back it was (ggg).

orders in to sell spx shorts for small gain (hopefully barring continued enthusiasm today) and rolling into a split between gold and semi sector funds. was tempted to go all gold, but figured id get burned if i did. this way at least one position should make money tomorrow independent of direction.

one good thing so far this week is have made money every day. tues was a nice 1.95% gainer due to gold fund (course it was only getting back a piece of last weeks losses)