Replies to post #37041 on Profunds index and sector trading (PRO)

[euterpe1]

I am staying with the trade. I went 20% short Friday, sold half at the AM RYDEX cut off on Monday and then added 10% more short at the close Monday and Tuesday. At some point the mid BB always gets a touch. I am sticking with this short. I can't remember being this overbought for this long for a while. Some divergences building in too.

Even in April of 2007 we pulled back to the mid BB.

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=3&mn=0&dy=0&id=p31751323030