Replies to post #1356 on Profunds index and sector trading (PRO)

[positiontrader]

Steve,

Not a good day to be long.I have my bearsuit on but not yet zipped .If we bounce tomorrow it is still possible we could trend back up.If not it will confirm the down trend and I will go long but only for one countertrend day then back to the sidelines.

Regards

Marc

[augieboo]

Sounds good to me mang. {G}

[augieboo]

Dude, augieboo wants to know when you're going to post a picture of Tiny?

[positiontrader]

Steve,

My lesson learned for the day is in a non trending market,don't think that a moving average is going to provide as much support as in a strongly trending market.It won't.

Regards

Marc