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


To: damainman who wrote (108786)3/10/2008 11:56:22 AM
From: John VosillaRespond to of 306849
 
One of the best TA gurus was talking about Bank America and Simon Property Group,largest bank and mall operator, on Friday saying they made a successful retest on much lower volume. However stops being taken out and margin calls ongoing all over the place. We probably need that final washout with VIX over 35 and the DOW down 300+ and no very bad news on the horizon as a wild card to spoil a subsequent violent snap back rally where Goldman and Morgan make their fortunes..