Replies to post #36641 on Profunds index and sector trading (PRO)

[kanuti]

Sure am glad I woke up early to see this <ng>

[Namiar]

Ugh the pain!

I will use today todays euphoria to move from 15% short to 50% for a short duration trade.

[was Steve]

after gapping right over the previously identified key areas of 1200 ndx and 850 spx, the market has sold off hard today and is now testing them from above...aka a backtest. in a perfect world (not the one i live in) the market will maintain these levels and head up from here no later than monday but preferrably a little bit of it into the close today

failure to do so should bring on a quick trip to the lows of last week with potential to test lows of november