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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Perspective who wrote (85297)8/14/2007 5:06:15 PM
From: patron_anejo_por_favorRead Replies (1) of 306849
 
I have the SPX 200 day SMA at 1453, I'm not sure what you're talking about. The current "double bottom" support was at 1430, that's gone as well. We may or may not get a rally here, but I tend to doubt it as I think we're in a 3 of 1 down and are hell bent on 1360. As you say, a bounce would be convenient for reloading/piling on shorts, but Mr. Market usually isn't that accomodating.
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