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

To: Mike M2 who wrote (195684)	4/9/2009 3:43:43 PM
From: ajtj99	Respond to of 306849

The implied target of today's breakdown is about $28 on SRS, so you're going to be playing a counter trend. We typically close strong on days like today, so buying the close on SRS may be a decent strategy to play a countertrend, as we should pull back on the indices Monday morning. I'm out of SRS my SRS shorts, and I left some money on the table. However, it's one of my best days in months on a single issue. The last one was a day when FAS was up 30% and I rode most of that.