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

To: Perspective who wrote (262801)	7/21/2010 3:13:04 PM
From: patron_anejo_por_favor	Respond to of 306849

Re: The 200 day MA, I think maybe one more time. I lightened up on some of my index shorts (about 1/4) just now. we'll see if the algos leave Ben hung out to dry.....

To: Perspective who wrote (262801)	7/21/2010 3:14:46 PM
From: TH	Respond to of 306849

brother BC, Ben said a lot of nothing, but more important, he was a bummer talking smack about weakening trends. The real driver of the sell off is that Ben is happy to sit on his hands before real consideration of QE2. The market is looking for a backstop and Ben didn't give it. And, the arrows left in the quiver are not too powerful. I wanted to get short and I'm kicking myself for not putting on a 1/2 position on the very favorable entry right at the open. Still, this is a market run by computer HFT clowns, so I expect a rally push in the next 24 hours. With jobs, that plan might hit a major speedbump. I'm mostly cash with just a few thousand shares of TBT to play for a bounce. Right now I do not have a good plan, but I'll watch the market until a good play reveals itself. GT TH