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

To: Cal Amari who wrote (202213)	5/14/2009 10:27:09 AM
From: Skeeter Bug	Respond to of 306849

vk, aj is the man, so go with his advice, but i see IYR support in the mid $30s (which was penetrated just a bit but then lifted back off about $33.30) and then at $28.25. market is short term over sold after 4 down days, so we may get some kind of bounce here (we are). IYR isn't really participating yet. if we test $30.30 again, SRS will be up about $1. if we go to $28.00, SRS should go up another $2.50 on top of the buck. your buys have to be perfect on SRS - and i've observed some insane end of day ramps on up days. buying 15 seconds before the close on these ramp days is usually profitable. if SPX goes to 875 by this opex tomorrow, SRS will give very good returns - which is why i asked aj if he thinks we still close at 875 tomorrow.