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

To: Perspective who wrote (109098)	3/11/2008 3:31:41 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 306849

This is nothing. CNBC reported from the trading floor that no one believes in the rally yet, which tells me they are staying short or on the sidelines for now. That makes me comfortable that we will go higher. We are bumping up against resistance on the S&P now. If we break through tomorrow that will be a convincing demonstration that this is for real.

To: Perspective who wrote (109098)	3/11/2008 4:31:54 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

>>Odd to see the dollar hanging tough - not sure how long that can last.<<< Looks like there may have been some coordinated BOJ currency intervention to coincide with the release. That juiced the carry trade and got the animals back in the pit..... I'll go long the yen when this move tops, but it's likely to last at least until the FOMC meeting....