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


To: Perspective who wrote (251520)6/2/2010 4:19:55 PM
From: yard_manRead Replies (1) | Respond to of 306849
 
I'd like to see us revisit the pt where the flash crash started from -- I know that may sound a little obvious or silly -- but if we could waffle around and get up there in a week, two or even three ...



To: Perspective who wrote (251520)6/2/2010 4:20:34 PM
From: patron_anejo_por_favorRead Replies (2) | Respond to of 306849
 
At first I thought this might have met criteria for a "follow-through day"....but volume was punk, so I think it's a no go.

Just more sound and fury signifying nothing. I hope they can jam the commercial reits a little higher, I see some juicy targets there.....



To: Perspective who wrote (251520)6/2/2010 7:34:22 PM
From: THRead Replies (1) | Respond to of 306849
 
bobcor,

It is a good plan. I have cash to deploy at 1120 and 1150, and then more if needed.

Like Patron said, NO VOLUME. This is just another fluff rally from the clowns. They were getting nervous that 10K and 1160 were going to fall. They will.

The market has not factored in the real cost to the economy for the Gulf disaster. And, I really believe everyone knows this rally is just a stimulus driven sideshow. When the exit light flashes, the line is long.

I certainly was not expecting what we got today, but thats the breaks.

GT
TH



To: Perspective who wrote (251520)6/3/2010 7:59:11 AM
From: doncRead Replies (3) | Respond to of 306849
 
..OHOH..looking at the stats off the 6/2 close some indicators are saying we have a tradeable bottom..

..if SPX can close over the 200 ma ..1105.62 for 2 days..then
we get a mild rally for 2-3 weeks..

but agree..short is still the place to be.

also..in the 4 year cycle this year usually has a severe
correction thru June..but since May was so huge down June may be a mild rally month..usually June is not a good month to be long stocks..

donc