Replies to post #10465 on Profunds index and sector trading (PRO)

[was Steve]

well ill say you were right but i was flat out wrong as i had the close at 1465. it is irrelevant that i nailed the first 5 hours of the day.

imo the secular bear is far from over and today messes up my plan that the cyclical bull has room to run into the summer. could be that best ndx will now manage is 1520-1560 but im not ready to lower my targets from 1600 and above until i see how the week goes.

[ponkap]

>> I do not think the secular bear is over, but the cyclical bull may very well be. We may get one more retest of the recent highs or even a new high<<

IMHO you are right on about the secular bear.

However, I believe the cyclical bull is just in a mid-ramp correction before finishing with one more charge that will give us a new high.

That's why I asked AI about the probability his B wave top call was premature.