Replies to post #10179 on Profunds index and sector trading (PRO)

[was Steve]

looks like a 3.3% day. normally i would be ecstatic, but since i am only inching back towards BE on the week i am refrained in my joyousness (ggg)

roulgly down aobut 1.3% on the week now. if RE is green tomorrow it should be enough to make me whole on the week. if it gets slap happy and goes up 4% like it could, i will then be jubilant. of course it could just as easily go down 4% tomorrow and that would bite.

[michael03332002]

Hey Steve, just a quick ? and I know this probably comes down to personal preference, but wouldnt it make a bit more sense to wait until early Monday to buy, even pre-market, unless your trading funds and have to get the order in before market close?

just always worry about EVENTS happening over the weekend that can kick the stuffing out of the market and Mondays opening

always good to read everyones opinions on here, been gone for a while and good to be back

g/l all

M

[positiontrader]

Steve,

I may join you,but it all depends on the charts.Stayed in cash for tomorrow.We will probably start out lower but may climb to green by end of day .We will see.I am still expecting lift off in next couple days.

Regards

Marc

[ponkap]

>>so looking good for a red friday<<

Ah, that's better, Steverino.

After your posts 164 & 171, it appeared you had switched from thinking we'd get the low tomorrow.

For the third straight day, the market again trying to tell me something as the SPX low at 2:10 held less than 2.5 points above my trigger target.

Tomorrow's a nice Fibo #8 days from the 4/5 mini-peak.

Just gut feeling, but whenever I'm looking for a down next day always like to see a late afternoon ramp get doused as happened today.