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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Perspective who wrote (163986)11/12/2008 9:10:21 PM
From: XBritRead Replies (1) of 306849
 
<<We just need to get down to the 2002 lows for SPX and DJIA - that's 760 and 7500 respectively.>>

I agree that a bounce is likely on the first test of those levels. Whether it's tradeable is less clear.

I also agree that that's the only short-term target on the downside for this move that makes sense... I just don't see any catalyst to stop the selling until we get there.
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