Replies to post #17929 on Profunds index and sector trading (PRO)

[was Steve]

went out around 23% net short despite the fact that i am looking for more up early next week. i just want to get myself a little something in case the carnage starts early. so for monday im looking for a C or B day. the shorts will cost me money early in the week if im right, but im okay with that. cant be worse than the 2.6% drawdown on monday and tues of this week (knock on wood)

sold all SC and NC. moved a portion of rut short proceeds to ndx shorts and balance to cash. sitting on a wad of cash again.

give me one more push up mon/tues that doesnt go past 1450 and i will be 200% short as i have planned for weeks.

[qqq bee]

Congratulation steve on a good day.

[michael03332002]

Hey Steve, let me ask you or anyone that wishes to chime in a question in general

WHEN the turn comes and from whatever level that some or most are looking for, you I think next week early, how or what fashion do you think we get it?

wait for some sort of catalyst or bad news to trigger, just start slow bleeding backwards, or does it come swift, hard and merciless to get as many stranded as possible?

I realize that events surrounding the actual turn will affect things, but do you have a thought in that direction?

Thanks all

M