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

To: Tommaso who wrote (195457)	4/8/2009 4:23:49 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

Tommaso, i think it is a chart thing. that stuff works until it doesn't. i think it's close to bedtime for commercial real estate - and that's when stories matter. the stories over the next 45 days will send jason (of halloween fame) running for the exits, imho.

To: Tommaso who wrote (195457)	4/8/2009 4:43:06 PM
From: ajtj99	Read Replies (3) \| Respond to of 306849

The SRS 60-min chart looks like a bear flag has formed out of the 37.23 lows. The implied target for this flag is about $35.75 SRS. The indicators I use on the 60-min are all pointed down, and the longer term indicators are in a position that has led to drops of between 30% and 45% the past 6-weeks on SRS. The path I'd prefer to see would be a drop to around 36, a rise to maybe $43-$44, then a drop to new lower lows. SRS should start a strong move up in May, as the weekly has a massive falling wedge presently. I could see it doubling or tripling off a low, but that low could be $30 on SRS sometime later this month. SRS 60-min chart. stockcharts.com