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

To: Box-By-The-Riviera™ who wrote (215)	1/10/2011 10:17:13 PM
From: TH	Respond to of 119361

Box, Yes. Big red flag flapping in the wind. That is one of my top indicators. The generally bullish bias and the belief that the Berspanky put is infallible is also getting long in the tooth. Today was a self-imposed <sit-out> and watch day. I just wanted to collect data on the bounce energy. And, I tossed out a couple of nice limits in the early afternoon to load some short ETF's and I figured there was no chance they would get filled. By the end of the day, one was just a dime from the entry target. It's coming and my gut tells me it is going to be big. This illusion has been perpetuated by the daily saves, but I've not seen any real test under heavy selling pressure. The PPT is not going to stop it when 10,000 players scramble for 500 chairs. I feel exposed by not being short and must remedy that soon. GT TH