Replies to post #5708 on Profunds index and sector trading (PRO)

[positiontrader]

Steve,

I think the slide begins although we could reverse up for one last run up before the decline.The last minute today confirmed my short signal.Too late for the trade.Revised target is 1329-1330 in 2-3 weeks .

We will see

Regards

Marc

[Namiar]

Hi Steve,

I just got back. Picked up my daughter at her Montessori school and we went to the park.

Just ran my numbers and the first OS scalp of the year is ON. The model says 100% long.

Only problem is I missed it. I left the house 30 minutes before market close and monitored the markets by net-phone, but I didn't think internals were that close. And I do not have any means of getting market internals while on the road.

Bummer. I need a down day tomorrow so I do not lose ground to the model. With a down day tomorrow, the model will call for an entry of probably around 150% from todays 100%. Given as I am currently 50% long, I will get a leg-up on the model should tomorrow be a downer. If tomorrow is an up day, I will lose 50% wrt my model.