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

To: ajtj99 who wrote (195689)	4/9/2009 3:51:40 PM
From: James Hutton	Read Replies (1) \| Respond to of 306849

IYR doesn't have a lot of overhead resistance until 35 or so on the dailies. I wouldn't come near SRS. REITs seem to be going through the phase that banks did many months ago, in which they are able to raise capital, generating a lot of optimism, which will in turn be dashed soon thereafter by awful fundamentals. Remember when C raised money and many said they were then solvent.

To: ajtj99 who wrote (195689)	4/9/2009 4:03:53 PM
From: Mike M2	Read Replies (2) \| Respond to of 306849

I appreciate the input and commend your calls on SRS. I took a small position because I see this rally as a bear market rally and a 25% decline is extreme so there is a good probability of a counter trend move. Congratulations on your SRS succe$$.