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: DebtBomb who wrote (163943)	11/12/2008 8:37:59 PM
From: Perspective	Read Replies (2) of 306849

I think we're very close - in time - to a significant low for the indices. We just need to get down to the 2002 lows for SPX and DJIA - that's 760 and 7500 respectively. That's not all that far from here now, and it could happen very quickly. I think we probably get our big wave 5 here, perhaps INTC news is the catalyst. Many, many names still going down, but I think the bounce in beaten down value names will overtake those still falling. Unfortunately for the DJIA, I don't see a whole lot of value there. Given their TA setup, the DJIA could actually fail at 7500 and bounce from lower levels. I'm confused once we get a 2002 low retest, so I'll probably hedge up and try to get market neutral for a while. `BC

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