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

To: ChanceIs who wrote (115374)	4/7/2008 4:54:32 PM
From: BWAC	Read Replies (1) \| Respond to of 306849

<Will we finally be rid of this most unwelcome "Bernanke Put" rally.> Who knows? I bought some SSO just now at 70.60 to hedge agianst this Alcoa and AMD being taken as "good" news. And even the SSO is protected by some Puts.

To: ChanceIs who wrote (115374)	4/7/2008 5:04:15 PM
From: XBrit	Read Replies (2) \| Respond to of 306849

Will we finally be rid of this most unwelcome "Bernanke Put" rally. "Who will rid me of this troublesome priest" Looking at the short-term SPX charts, I see some hints that the bear rally is topping... persistent trouble getting through the 1380 region and all mini-rallies giving back most of their gains right away. But the 5-day chart still shows an overall slight uptrend of higher highs and higher lows. I will wait for some evidence that the short-term uptrend is broken before I re-establish trading shorts (which stopped out while I was on vacation). Won't take much, 1362 on the SPX would probably be enough to pull the trigger.