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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (83796)	8/7/2007 3:40:35 PM
From: coug	Respond to of 306849

Agreed..

To: Smiling Bob who wrote (83796)	8/7/2007 3:44:31 PM
From: Travis_Bickle	Read Replies (1) \| Respond to of 306849

Scored some PHM while it was up 8% for the day, he he he ...

To: Smiling Bob who wrote (83796)	8/7/2007 3:49:45 PM
From: Perspective	Read Replies (1) \| Respond to of 306849

Another very narrow advance. finance.yahoo.com I think they're buying them in order to maintain confidence long enough to get the sell orders together for the next few weeks. Need a good closing print today after the Fed meeting in order to maintain the steady flow of funds into the market. I for one can tell you that whoever was leaning on the BUY button in the futures pit scared me away from opening any more short exposure today. I'm tempted to do it on the close, but with so many important technical tests underway, I think I'm going to wait for a resolution. Can't believe we'd seriously threaten the old highs with all the capital impairment in place right now, but it could happen, and I need to survive with my hide intact if it does. BC

To: Smiling Bob who wrote (83796)	8/7/2007 3:55:15 PM
From: Perspective	Read Replies (3) \| Respond to of 306849

Similarities to 1998 continue: stockcharts.com I'd say we're poised exactly like the afternoon of the August 18th Fed meeting - closed much higher, at the top of a flat corrective wave lasting several days, tapping the prior horizontal resistance from below: stockcharts.com Note that the market didn't make any more upside progress, and gradually bled for a couple days before retesting the lows that Friday. BC

To: Smiling Bob who wrote (83796)	8/7/2007 3:58:08 PM
From: jcole05	Respond to of 306849

I have to think it's just people whistling past the graveyard. The conclusion of the Fed statement "the Committee's predominant policy concern remains the risk that inflation will fail to moderate as expected" cannot be interpreted as a neutral bias. As others have pointed out, the weakness of the dollar makes it difficult for the Fed to cut rates with impunity; and, as many of us on the board agree, inflation remains a real concern. Well, even as I typed this message, the Dow dropped about 40 points. Let's see where we open tomorrow.