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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: ajtj99 who wrote (195133)4/6/2009 4:42:16 PM
From: patron_anejo_por_favorRead Replies (1) of 306849
 
Nah, counting waves makes me seasick.....<G>

It's pretty hard to consider target prices "precise" for double inverses. There's so much extra chop and volatility around the trading their. I prefer to work off the underlying instrument. IYR is nearing an ABC target at around 31 or so. Or 30.78 for a 50% move off the bottom. Should find some resistence there. That would correspond to 35-36 on SRS.
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