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

To: ajtj99 who wrote (195133)	4/6/2009 4:36:44 PM
From: tejek	Read Replies (1) \| Respond to of 306849

SRS 15-min, 30-min, and 60-min charts suggest additional downside tomorrow. You think it will go lower tomorrow?

To: ajtj99 who wrote (195133)	4/6/2009 4:42:16 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

Nah, counting waves makes me seasick.....<G> It's pretty hard to consider target prices "precise" for double inverses. There's so much extra chop and volatility around the trading their. I prefer to work off the underlying instrument. IYR is nearing an ABC target at around 31 or so. Or 30.78 for a 50% move off the bottom. Should find some resistence there. That would correspond to 35-36 on SRS.