Replies to post #12882 on Profunds index and sector trading (PRO)

[nuclearpayload]

Steve, Because you want to be a Dark Jedi and join us on the Dark Side. I don't know, man. I put on my site that a new intraday high was possible, but this has got to halt and retreat soon or I'll have to dig the horns out of the garage.

[was Steve]

sure would have been nice to be in the japan fund for friday and today. it will be up 10% or higher in those two days

[positiontrader]

Steve,

IMHO,an astute trader needs to be aware that we are now in the trending mode which requires a mind set change from the non trending mode.My concern would be if unable to change gears the short position could get trampled by the bull.

I still plan on shorting in an uptrend but for me we will have to be out of the upper band on the daily and overbought 2 days on the hourly before I would short.

Regards

Marc