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ProShares UltraShort Real Estate Message Board

  • countrygent57 countrygent57 Feb 25, 2008 9:33 PM Flag

    200 day MA

    looks to be right around 100. SRS hasn't been below it for the last 6-8 months. Would think this should be a good floor. if breaks below that, get out.

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    • so put half in skf and half in

      here this will help u sleep:

    • "I'd be a rubber room in a nut house if I had 100% of my portfolio in srs"

      lol. I did the same thing with SKF. It's not fun. Lost 10 lbs from stress. Wasn't worth the 7k profit. My gf almost dumped me.

    • I think you have to look at the what srs is tracking, TA on srs does nothing since its just an artificial construct. Its tracking the dow jones reit so its 200dma it important.

      I am noticing that the reits and fincials are now underperforming on this move up, its the oils an materials pushing the market up higher. So when the leaders top then I'll re-enter srs.

      It looks like stimulus package is going straight to the oil companies.

      • 1 Reply to david_schere
      • I agree, it is difficult to track the MA on SRS, look at IYR and RWR to get a better idea of where the average is. I have seen this so many times, where the REIT's rally for a few days/weeks then just go right in the opposite direction just as fast as they climbed. Can someone please explain this rally today? I am totaly puzzled as to why the market is not reacting to the inflation or the consumer confidence numbers. You cant tell me that they expected the PPI to be 1% core .4% or the CC to come in at 75. with oil at 101 a barrel, inflation taking off, growth slowing, housing prices droping like never before seen on record, and yet the market thinks that this is somehow a bottom. I guess the same thing happned when the Nasdaq was on its downward spiral. I was on the other side then, buying on the dips. i lost everything I had in 2000-2002. I made all of it back 10 fold in this ridiculous real estate bubble and am making more shorting the market now. I cant wait to go long again though. Then I dont have to watch the market every day.

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