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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 (197034)4/20/2009 12:18:24 PM
From: ajtj99Read Replies (1) | Respond to of 306849
 
Thanks, patron. That was the easy play. The hard play is now trading the gyrations between 875 and whatever place we're headed for.

I actually had planned on loading up on SRS at 26, but decided to go for BGZ at 875 SPX instead as a more conservative play (can you believe that's conservative? <G>).



To: patron_anejo_por_favor who wrote (197034)4/20/2009 12:21:29 PM
From: Think4YourselfRespond to of 306849
 
Great call on that (SPX 875). Hope a lot of posters took advantage of it (I know I did)......

Agreed. This board pretty much perfectly nailed the turn. Only question now is, how low do we go? I suspect the answer is "very". The market sentiment changed from bullish to bearish almost overnight.

CNBC is already calling this a pullback, less than 3 hours into it, and asking if the rally is over.


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