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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Perspective who wrote (199180)4/30/2009 11:48:36 AM
From: ajtj99Read Replies (1) of 306849
 
bobcor, you read charts well, but it seems your fundamental bias is mitigating your ability to profit from what's going on.

If it makes you feel any better, I'm short right now, but only on a test of the 882 highs yesterday. After that, I'm going to look to get swing short for a trip to 875 SPX. If that holds, I'll be a buyer there.

This is all going to end badly with new lows on the indices, but it may not occur until Oct./Nov. We will likely have a period of distribution in May/June before we start any kind of descent.
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