Replies to post #26314 on Profunds index and sector trading (PRO)

[Profit_Ace]

From the October 2004 bottom, the SPX and DOW rose 35 and 300 points respectively during the first 2 days of rally. This is setting up to be a similar eruption, what with the positive Iraqi election, dropping oil prices, severely oversold conditions, month end window dressing, and the influx of money at the lst of the month (Feb).

Forget T/A, e-waves, Bradley, or Hurst. Managers will be mad dashing to be first in because they know it is during the lst coupla days that the big money is made.

[was Steve]

yes they can but like i said last week, if the ndx gets over 1515, the markets are going higher. the ndx is at or over 1515 now based on the futes.

why are you expecting a pop and drop? this is the real deal imo and asia certainly thinks it is. 2% is not unreasonable by the close as laid out before the futes even opened for trading in a post of mine.

what would truly be refreshing if if just once you said you felt the market was going to do something counter to a position that you held or wanted to take. i do it all the time. friday when the market tanked it was a failure and meant new lows and i threw out a target of 1460. then another miracle save in the last hour, followed by an AH ramp and now followed by an overnight futes ramp, pretty much kills that idea. my point was, even though i was long, i looked at the market objectively and stated what i thought would happen next.