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

To: patron_anejo_por_favor who wrote (196680)	4/17/2009 2:06:54 PM
From: Think4Yourself	Read Replies (2) \| Respond to of 306849

I have sold almost all long positions in the last 48 hours but SRS is my only bearish position. This rally has been like a freight train. Suspect it's almost over but want to see it run out of steam before going short in a big way. Am seeing patterns in the SRS charts that suggest the downward push this week has been almost all by one entity. Look at the chart for this week, epecially the open and close. Almost every day has a similar pattern. Surprising lack of randomness.

To: patron_anejo_por_favor who wrote (196680)	4/17/2009 2:50:51 PM
From: James Hutton	Respond to of 306849

Gold and silver look like their out of the picture for a bit (July/August?). And as long as they are, my guess is that the HUI will be. Can't hurt to build a position though. Holding GLD and SLV, but hedged 2/3 of SLV with ZSL. GORO the only miner I'm holding now, but looking at AU and trying to be disciplined.

To: patron_anejo_por_favor who wrote (196680)	4/17/2009 2:54:22 PM
From: ajtj99	Read Replies (2) \| Respond to of 306849

We may still need to hit NYA 8524-8528. SPX may be subordinate to the NYA, as it often is at critical turns. BAC bullish flag breaking up is also a concern for going short here. Of course, GS is pointed up as well, but it could still sit and spin as it has over the past few days.