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

To: Skeeter Bug who wrote (200156)5/4/2009 4:15:51 PM
From: ajtj99Read Replies (1) | Respond to of 306849
 
You do know IYR had a breakout today, don't you? 34.26 was the breakout point, and it's likely closed above that.

I don't see IYR moving below 33.60 prior to hitting 35.25.

If you are very fortunate, SRS could move to 22.50 if IYR drops to 33.60. If that happens, SRS would be likely return $2.50 on a short to $20, coinciding with IYR 35.25.

Also, remember the 3-day pattern. Up into Wednesday.


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