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 (212263)	7/24/2009 2:29:21 PM
From: LTK007	Read Replies (1) of 306849

Close today will be important(3-4pm), as thus far this move today back into the green has been signal the Funds unloading their cash to equities NO HAMMER blow to their head can stop such as the big misses yesterday by MSFT and American Express. They are in maximum BULL-MODE it seems. Just checking the SPX500 McSumOscillator for the past 3 years. Entered today at an ultra overbought 102.4 reading, but maxed at 120plus at the first wave of this rally that started in March. But with the 5/10 readings are 136.5 to 238.9(which gives the 102.4 reading , the spread of the two), the 10reading is at it's highest level in the past 3 years-it's previous high was 200. i just don't have the nerve right now to go to BGZ.But that lack of nerve is MY PROBLEM, as these readings are getting CRAZY--o my:) Max

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