Replies to post #10228 on Profunds index and sector trading (PRO)

[otraque]

<from what levels WL?> That is where all my tension centers:) AI made his move when NDX hit 1508, and has 1520 stop loss.
He might well be right to have already gotten short.
Next week is crucial, but at this point i would do a joyous leap if i could short,putting in 1/2 my position at 1495 area.
2002 scenario NDX will not go above 1508 again, 2001 scenario it could challenge 1550 area.
The decision point comes quite likely next week.
My NASI charts remain my key charts now.
Look at March through May 2001 and 2002 and you will see where i am at.