Replies to post #32193 on Profunds index and sector trading (PRO)

[Namiar]

The selloff into the close was a nice touch.

However I would feel better about a strong upside move tomorrow if the futes were down 4 point instead of the other way.

[bl]

Some NDX targets that I've heard:
1720 pull back at the trendline/further rally
1734 '02 Dec high
1750 5th wave up
1756 prev 26% rally
1712 prev 13% rally
1795 1.62 fib from 1301
1735 avg monthly Dec gain(2.1%) from 1700
1775 avg positive Dec(4.3%) minus 1999 22% rally
1800-1820 100-120 pt months are not unusual
---top guess 1800-1820 for Dec05

[Namiar]

Feeling the luv this am. Even XAU joining in.

But its 10am, lets see if we get crap or run to go with the gap.