The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Galirayo who wrote (193088)	3/25/2009 12:01:54 PM
From: ajtj99	Read Replies (2) of 306849

Well, Galirayo, the overhead target I've been looking for is SPX 920-940. I am not sure how we get there or even if we do. Ideally we'd move up to 839 SPX, drop back to 803 SPX, then move up to 875 SPX and consolidate for a week or two between 839 and 875. We'd then make a final move up in this scenario. Bear market bounces usually last 45 or 60 days, so this should not last very long if it is a bear bounce. I'd like to see a period of distribution after a 920-940 high similar to what we saw in June-July 2001 before a drop to take out the satanic 666 lows on the way to maybe 600 SPX by fall. Everyone would also get a pony if this came to pass.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next