Replies to post #22834 on Profunds index and sector trading (PRO)

[was Steve]

I would expect positive, but not very strong close and a down day today.

how do you get a down day out of a positive aftrnoon and we are alreaday green? (mis type i think)

I still think that by expiration we will drop to QQQ 38.

not unreasonable

IMO a decline lasting about 2 weeks would be very nice for end of year rally. The problem is that almost every sucker thinks this way (g).

well there are many that think we dont stop here for anythign but a few days of sideways to down before continuing up. i really have no opinion

[was Steve]

well you called the afternoon and it looks like today right. will you go 3 for 3 and get a 38 by expy? i would like that.

good call chainik

[mr_cassandra]

The falling mclellan summations bodes well for your outlook of falling prices. I have compiled over 8 years data on them including the amex summation, and the current situation usually bodes for more downside.