The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: DebtBomb who wrote (249566)	5/26/2010 3:46:06 PM
From: LTK007	Read Replies (2) of 306849

TSR today now feels the market bosses are trying to establish prolonged trading range with a lower support line. Using the DOW, they are seeing this trading range to be 9800 to between 11000 to 11250. They do NOT see a market BREAKDOWN. They are seeing the same thing i am, the market forces are REVVED to NOT allow a BreakDown. This is exactly why i stress Closes for a breakdown signal, and NOT intraday breakdowns. My SPX 1050 was SMASHED through yesterday only to have MIRACULOUS rally to close in THE GREEN well above 1050, that is why my call is basedONLY on a close below 1050(DONC has suggested 1060, and that could be correct.Max i, being of a cautious nature:), demand a close of SPX below 1050 to make say we will NOT see new highs for many years to come. BUT , yes in fact , the top could could now be locked in----i see 1120-1128 area on SPX as a critical resistance point. If they were to get again above 1150SPX the manipulators RULE--it would be an astounding action. Max

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next