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


To: chainik who wrote (297926)12/14/2010 2:14:31 PM
From: Jim McMannisRespond to of 306849
 
The market is in a primary wave 3. You can trade it or hold on for higher prices.



To: chainik who wrote (297926)9/4/2011 12:04:43 AM
From: chainikRead Replies (1) | Respond to of 306849
 
< There will be much better buying opportunities in 2011. IMO it makes sense to get defensive here>

I've been buying usual suspects (oil, Asia, VWO). Probably too early, but risk/reward is in favor of long positions. Sentiment is negative, insiders are buying, options data and Hulbert's numbers are bullish.

Although August 8th bottom looks pretty solid, there is a decent chance of a move lower (maybe SPX 1060-1080?). Should it happen, I'll probably stop trading and go 100%. For now, I'll continue to trade TNA/TZA.

Shopping list: homebuilders, Russia, Japan small caps, natural gas.