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

To: RockyBalboa who wrote (215093)	8/10/2009 4:11:08 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

Yeah, turned out to be a teaser day....a little down to make people feel it's a still a bull and not enough to scare them out.

To: RockyBalboa who wrote (215093)	8/10/2009 5:18:06 PM
From: Perspective	Read Replies (2) \| Respond to of 306849

I think China may be the tell. They turned early at the bottom, and now sport a very obvious trendline - and a near doubling to go with it. Conditions sound very bubbly over there again. Straight up, straight down, and straight up yet again. They're going through a little correction right now, but it has the distinct look of a 3-wave flat correction. Perhaps I could find the stomach to buy it if it broke out to new highs for the move. Tight stops of course. It was interesting digging for articles about the China bubble from 2007. Most that I found were from May 2007 - so about four months before the peak. One wouldn't have really wanted to short it until several months thereafter. My general impression is that it is in a similar position now, just right-shifted about two years. Perhaps a February 2010 short would be the ticket. `BC