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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (102743)	10/2/2009 12:59:55 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 116555

Well, it's definitely volatile in the both the SRS and IYR. But the Monthly charts give an indication of what's likely to happen for October, and possibly November: SRS bigcharts.marketwatch.com IYR bigcharts.marketwatch.com IYR is definitely rolling over on the monthly chart, while the SRS is trending upward. So any ill-timed investments in SRS will probably get made whole within a few weeks. Besides, Cramer was pumping IYR last night.. What more does one need to short that ETF? Hawk

To: westpacific who wrote (102743)	10/2/2009 1:20:25 PM
From: Casaubon	Respond to of 116555

I believe SRS finished it's downtrend and that is why I am taking this top more seriously. A lot of failed bullish set-ups implies a local top. There is much more likelihood of a more sustained bearish period just ahead. I'm not certain I agree with your plunge scenario but caution is certainly warranted. At the very least suspending buying (and building cash levels) is justifiable. I'm selling calls, too. Outright put buying may get taken out. I'm guessing they're going to try and instill the buy the dip mentality, once again.