Replies to post #36225 on Profunds index and sector trading (PRO)

[was Steve]

fannie and freddie meeting drove that bounce yesterday. i would be veeeeeeeeeery suprirsed to see anything but a close on/near the lows today. i will wish you a very quiet congrats on yesterdays entry so as not to curse you. i didnt have the balls to short even though gut leaned that way

[kanuti]

I have been looking at the monthly charts and like Steve said expect a more than just a day or two rally so am scared to be short now. Over the long term I still expect to see the lows of 2002 again. That is what I see on the charts but my guts are saying this is worse than anything before in our lifetime so maybe things are different this time.