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Strategies & Market Trends : Classic TA Workplace

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To: gregor_us who wrote (169747)	7/16/2008 10:32:48 AM
From: John Vosilla	Read Replies (1) of 209892

' Everyone is waiting for the full market puke, in price action. But I wonder that we have had the puke 3 ways already: 1. In the financials. 2 In sentment. 3. in real (price) terms.' Yes a horror show in real terms for most assets in recent years and the margin calls in recent days do feel like the worst of Oct 2002 and March 2003 double bottom. Now they will whine on the boob tube as home prices finally fall in our major media markets (Manhattan and Malibu<g>)the last dominoes to fall along with commercial RE now breaking down too. The Dow Jones RE Index broke down recently and a pathetic bounce today even on the Wells Fargo positive news a chart you guys should key on too. finance.yahoo.com Noticed the VIX traded as high as $38 premarket or was that a bogus trade?

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