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

To: Perspective who wrote (199180)	4/30/2009 11:48:36 AM
From: ajtj99	Read Replies (1) \| Respond to of 306849

bobcor, you read charts well, but it seems your fundamental bias is mitigating your ability to profit from what's going on. If it makes you feel any better, I'm short right now, but only on a test of the 882 highs yesterday. After that, I'm going to look to get swing short for a trip to 875 SPX. If that holds, I'll be a buyer there. This is all going to end badly with new lows on the indices, but it may not occur until Oct./Nov. We will likely have a period of distribution in May/June before we start any kind of descent.

To: Perspective who wrote (199180)	4/30/2009 10:04:31 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 306849

I take it you've been investing for quite a while. How do you new rules differ from your old rules? Do you actually write your rules down and try to follow them or do you just wing it most of the time? I've done fairly well being somewhat disorganized, but I think at some pt I need to write down my rules myself and try showing some discipline. I'm always looking to improve as a trader. We're our own best friend and our own worst enemy. Hard to balance at times.

To: Perspective who wrote (199180)	5/1/2009 12:01:35 AM
From: Skeeter Bug	Respond to of 306849

BC, i have been burned a bit, too. we are in a strong secondary move. imho, you have to respect this secondary up move as much as the primary move down. individual stocks likely won't crack until the market secondary move starts to crack. the next 2 weeks will be heavy in news and we'll see where the market wants to go. there's nothing wrong with taking money off the table and waiting for a better time to pounce. good luck. ps - i'd tell you i think the market will crack in the next two weeks (even if we get a quick spike up), but i'm almost always wrong. ;-)