Replies to post #9901 on Profunds index and sector trading (PRO)

[otraque]

<<The "probability" has increased dramatically that Wave 2 of C has been completed in the DJIA, SPX, NASDAQ, and NDX. The markets are now set-up for substantial DECLINES over the next few months (into late August) as Wave 3 of the Same Degree unfolds. This coincides with completed corrective patterns in markets around the world; for example, with the Nikkei at or near completion of Large A-B-C correction since 7600 that is Wave 4 of C of its Thirteen (13+) FIB year decline from its All Time High.>> major call,JAI.:)
You are roughly one month to 6weeks ahead of me here.
I will have to look sharply to think do i or do i not change my present view.
I would stand rock solid behind my position right now that new highs will occur within the next month or so BUT events in Iraq that i expected to develop roughly Mid May have started early.
I expect an UP day on Monday if exogeny is not effecting the Market.
If we have a bad day Monday exogenous events are hitting the market.
Thursday tailing off was pre long week jitters over Iraq.
Monday will tell me whether the market will make a Bull statement by disregarding Iraq.
Or a bear statement by being ugly.

[Z-M-L]

I have entered my order to BUY the RYVNX fund at the close. STOP LOSS is at 1520 on the NDX. FWIW.

[Z-M-L]

The NDX chopped around all day today in a sideways manner, which may be the set up for one more move to one of the recent HIGHS at 1503.37 or 1508.37. That peak, if it were made on Tuesday but then closed DOWN for the day, would coincide with the thirteenth (13th) FIB trading day of this corrective rally.

I purchased the Rydex Venture (RYVNX) Fund today in the Aggressive Portion of the Portfolio. The closing price today for the RYVNX Fund was $24.92. My STOP LOSS is with a “close” above 1520 on the NDX.

Currently, I have a position in the Rydex Venture (RYVNX) Fund, established on 04/12/04, within the Aggressive Portion of the portfolio; while the Conservative Portion of the portfolio has been in Cash or Cash equivalents since 01/02/04.