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

To: ajtj99 who wrote (200166)	5/4/2009 4:37:36 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

aj, i'm aware of the three day pattern. i don't need a lower close tomorrow, just some lower IYR prices. two competing themes are at play here. the two day up and break out play do have me on edge. however, after big breakout days with closes at the top, IYR tends to open lower - a temporary recoil if nothing else. did you see the price action? IYR barely flinched $0.04 while SRS dropped quickly to $20.86 and bounced to $21.14, a 28 cent move, in two or three seconds. ruthless market maker b*stards. here's hoping for big time down futures.