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: Tommaso who wrote (195457)	4/8/2009 4:43:06 PM
From: ajtj99	Read Replies (3) of 306849

The SRS 60-min chart looks like a bear flag has formed out of the 37.23 lows. The implied target for this flag is about $35.75 SRS. The indicators I use on the 60-min are all pointed down, and the longer term indicators are in a position that has led to drops of between 30% and 45% the past 6-weeks on SRS. The path I'd prefer to see would be a drop to around 36, a rise to maybe $43-$44, then a drop to new lower lows. SRS should start a strong move up in May, as the weekly has a massive falling wedge presently. I could see it doubling or tripling off a low, but that low could be $30 on SRS sometime later this month. SRS 60-min chart. stockcharts.com

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