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

To: Think4Yourself who wrote (109079)	3/11/2008 2:03:02 PM
From: Smiling Bob	Respond to of 306849

The close will tell a lot. We'd need to close near hod with conviction. A 250 pop isn't much if this was a reversal or beginning of a bear mkt rally. Seeing how easily we dropped to 11900 intraday and 12k creating stiff resistance, I'm going to guess we close below 11900 as doubts unfold. Possibly 11825-50

To: Think4Yourself who wrote (109079)	3/11/2008 2:06:07 PM
From: BWAC	Read Replies (1) \| Respond to of 306849

<Stocks are oversold. Everyone is incredibly pessimistic. Short interest is high.> I think so too. And what worries me about getting too much short is a financial led melt up, one which takes the entire SP500 along with it in some sort of program trading driven manic ramp.