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

To: Perspective who wrote (195661)	4/9/2009 2:58:56 PM
From: jmiller099	Respond to of 306849

I can't do a chart right now, but I'll describe in case that can point to it a bit better. It is still early to claim the formation, but not obnoxiously so. In your original post it is a 5 month progression underway. Take a look at December until the spike down and back up for head in early March. We're now jittery flattish for another shoulder here in April. I'd guess another 4-6 weeks of jittery flat would show up as an IH&S. Since it seems to clean, I do not expect it to pan out as a IH&S with force to the upside. I started getting more short again last week and it doesn't include financials, so I'm not getting hit too hard yet. I did manage to get lucky and get out of my short bias and short hedges in Feb and Mar.