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: Galirayo who wrote (193310)	3/25/2009 5:06:17 PM
From: ajtj99	Read Replies (1) of 306849

What you label as the "b" I believe is the bottom of a 3. Either way, you could play this by following the Nasdaq 2001 chart. The 944 Jan. 2009 high was the May 2001 2328 Nasdaq high. The 666 lows was the 1347 Sept. 2001 Nasdaq lows. We're headed for the 2102 Dec. 2001 highs, which should be around 920-940. From there we move down to the July 2002 lows, then to the Oct. 2002 lows, but adjusted on the SPX for the fractal. Maybe 600 SPX for the July 2002/Aug. 2009 lows and 500 SPX for the Oct. 2002/ Oct/Nov. 2009 lows. This could get dragged out longer too, but that's my thinking. We have a playbook to follow.

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