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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated
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To: yard_man who wrote (45433)10/14/2011 3:41:38 PM
From: patron_anejo_por_favor  Read Replies (3) of 119362
 
The SPX is sitting precisely at it's 50% fibo retrace line (1222) as I type this. Wouldn't be surprised to see it kiss it with probing tongue before more down. If we get a real break of that (>1%) I'd expect some short covering and considerably higher. I'm hedged on the overall indices with SDS and a little TWM but stops are pretty tight here (a few percent).

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