Replies to post #28813 on Profunds index and sector trading (PRO)

[frenchee]

Steve,

Sorry to see you are in the red. :(

Check out EFA. I think we are close to support near 160.60.

[Namiar]

Just checked with RAIM to see if a Bear scalp was forthcoming.

Unfortunately RAIM was short by a few points, although it probably was in range at the NDX low point earlier this am.
Dont know whats going on the rest of the day, NDX appears to have rebounded to the point where revisiting the lows seems unlikely. However that does not appear true for the other main indices.

Volume quite low today with 1.62B projected.

Thx for keeping me abreast of the XAU, that index is close to a RSI4 play. I will do that strategy for the first time provided it does not conflict with RAIM.