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 (84078)	8/9/2007 9:13:02 AM
From: Perspective	of 306849

While I'd been tracking similarities to the 1998 market action due to the credit event then Message 23771288 stockcharts.com yesterday it occurred to me that it's taking on much more of the feel of the April 2000 breakdown: stockcharts.com stockcharts.com The big difference between the two was that, following ten hectic trading days that hit the lows four separate days (twice in April 2000, twice in May 2000 vs. four times in August 1998), the 2000 market stood still for over three months, while the 1998 market failed very quickly. Just another parallel for bursting bubbles that one might want to look to for clues. EDIT: This morning's gut check fits in nicely with the 1998 scenario. Perhaps we are going down for the third test of the 1440 SPX level. stockcharts.com BC

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