Replies to post #17659 on Profunds index and sector trading (PRO)

[Ek]

Steve: imho, rates are going down, not rising. just look at the US$, homebuilders and gold.

ek

[was Steve]

rising rates is indeed having a good day. had to pass it up since i was not ready to cut losses on the short ndx position. at least that is going the right way today. a close in the 1415 area give or take a few points would be lovely but that is probably asking too much. i think 1408 holds any dip this week and then it advances to 1440 for the final push of this rally.