Replies to post #1673 on Profunds index and sector trading (PRO)

[augieboo]

"congrats on your long from yesterday. a nice trade."

Thanks! (:

based on my rules i cant get long at this stage in the game

Yeah. See my post to WLD as to why I entered that trade. ):

#msg-929821

they could pop it monday and we'd have one. the sick feeling in my stomach is approaching levels that usually indicate we are close to the top. i will be adding to my short position at the close as i am assuming it holds up.

Are you sure about that, given how close this thing is to a breakout? After all, under ajtj99 rule number 1, we can't stop here and reverse meaningfully or we'd have one of those ... you know ... <whispering> "triple tops."

[positiontrader]

Steve,

I see the next countertrend day now back to Tuesday because of the recent gains.

Regards

Marc