Replies to post #5712 on Profunds index and sector trading (PRO)

[onedrill]

Marc
I sure hope you are right there with 1330.

My shorts are startin to dry out and I am makin money on a short from last Friday.
Not ready to pile on here but considering it.
We'll see.

[was Steve]

thats a very agressive drop. im a bear for what seems like even and thats way more than im looking for not to mention in way shorter a timeframe.

what leads you to such a drop in so fast a window?

[Namiar]

<<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>>

In this market, I suspect that anyone who awaits "confirmation" of a bearish trend will get his/her head handed to him/her.

If one plans to play the short side, one would be best served to use an OB indicator that allows one to go short when the market is very stretched.

My personal OB/OS indicator is currently slightly in the OS camp, so IMO a short position initiated at EOD today would purchase a one way ticket to whipsaw city.