The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (60080)	8/16/2006 5:02:59 PM
From: orkrious	Read Replies (1) of 306849

Orkriouscan not bad. If RYL gets over 45, it'll break an inverse H&S neckline and that measures to 57. It would be an uncomfortable ride on the wrong side..... It sure would be, especially given the size of my position. I'm not much for H&S patterns though. It's the kind of thing that is obvious in hindsight and makes sense from an intuitive perspective. But I don't think they work any more than they don't work. From a fundie perspective, I just don't see it. And given that my PM position is double my short position, any losses on the short side should be more than compensated on the long side.

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