Replies to post #26306 on Profunds index and sector trading (PRO)

[was Steve]

yuppers see my last post. this is the highest they have been since last friday

[otraque]

The next couple days will decide for me if we do go to new 52week highs on NDX.
I have seen enough times absolute explosions off of "uncertainty events" when conditions are extremely oversold preceding the event to think we explode
That this has nothing to do with the longterm is irrelevent, this a psychological force------early futures indicate explosive tomorrow.
I repeat, however, if market does not go ballistic the minimum of 2 days, but just rises modestly---this will be intermediate term bearish in my view.