Replies to post #1459 on Profunds index and sector trading (PRO)

[RCKS]

Steve your position sounds Bullish,g,g. I don't think you have to worry this weekend on missing out on a move. Max-Pain Rules!Keeping us in tight range here.
Next week should be a beauty though as we get huge earnings reports at the front of the week, (NVLS, IBM on Mon) and (MSFT, INTC on Tues.)
I say we have a big sell off come wed. open but a lot could change between now and then.
Have a great weekend Steve
steve

[positiontrader]

Steve,

We are trading in the same direction.No joke this time.

Monday will be important.If we go down, in my trading rules it will have confirmed the downtrend trending 2 days in a row in the oversold condition on the slow stochs.I will then stay long but only for one trading day to catch the countertrend day on Tuesday.If we go up then although we are still in a downtrend it will not be confirmed and I will stay long.I have my bearsuit on but it is not zipped.If we go down Monday it will be zipped up.

Regards

Marc