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

To: patron_anejo_por_favor who wrote (102960)	2/1/2008 2:48:05 PM
From: Perspective	Respond to of 306849

I hate to even start forming this thought, but now that I'm fairly well hedged, I'm starting to look at $BKX 100 as the place to begin de-hedging. I thought it would take a while - actually was hoping it would take a while so I could catch my breath. But it's looking pretty close now. We're also entering more resistance on the $RUT at around 730-750: stockcharts.com The SPX seems to need to get up into that 1410-1420 resistance: stockcharts.com I think what I'll likely do is key my entry - er, exit - off the $BKX. When that thing gets up to 100, I'll begin easing out of the UYG hedge, and also QQQQ and UWM hedges. stockcharts.com My SSO hedge will probably be on its way out as well - there should be 15-25 SPX points there. $SOX is running like crazy here - glad I picked up a little of that, too. I hate daytrading - I don't like this stuff at all - but it seems like the only way I'm going to be able to hang onto my short positions through this rally. So, is it too early to be thinking about stepping in on the short side again? I feel like the bulls have control, but these resistance levels make a lot more sense to me - multiple confluences, as well as some nice A=C symmetry in the moves to make them look like nice zig-zags. Everything seems to line up with just a little more up, from SPX to RUT to BKX to RTH and TRAN. stockcharts.com stockcharts.com `BC