Replies to post #10047 on Profunds index and sector trading (PRO)

[Namiar]

<<who gave a to the hills call?>>

It seem Laird Creeger (sp?) and Another Indian were taking postures indicating that they thought a top was in. Others seem to be modestly ST bearish.

Internals not yet strong enough for me to exit scalp.

There is a pattern with scalps that I've noticed before which may play out here - I get a shallow scalp signal and 1 or 2 days later exit with a decent profit on a light cash deployment. Then the next day or 2 after the exit, another scalp is entered, deeper OS and longer in duration (4-8 days).