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your first sign of trouble should have been the upgrades 2 days ago... secondly daily RSIs, stoch, MACD all indicated down at this time as well im short from 92.

does anyone remember "big daddy" from Datek?

anyone from this group still out there trading? i am... wondering if any of you are survivors?

^ wow - thats ridiculous - is that true?

some report about ipod saturation that a lot of fundamental types are believing... i agree - bad short.

definitely not at bottom yet, imo. not even close.

pretty much. has not been very useful since 2001... i imagine some are using it as a reverse indicator...

the dow chart STILL looks awefully bullish, as it stands now, imo. i hear the bearish sentiment all around as well but i just dont see it in the chart.

shouldnt you guys be trading right now?

angry much? lol

out at 58.6501 carry on.

i know the overhead is expensive, but i am trading USO - which im sure many of you think is a waste, but its all i have access to at the moment - long at 58.62 is anyone else long USO? if not im not taking any of you seriously. lol

in the daily timeframe 9/15 is a convincing hammer in my eyes - also, in the 5 minute timeframe i like the RSI making a higher low this morning. i will not hesitate to get out of this trade if it comes close to my stop

that works - thanks buddy ;)

comments?

i dont know... i have no positions in any of this stuff because i dont understand exactly what is going on... it seems like a bad strategy to short housing by shorting IYR which gives a dividend and shorting the homebuilders which have just bottomed... so im out. im not sure how to play...

lol. ouch buddy. where is the "i call the bottom in gold!" thread? ;)

are we talking about IYR or "$reit" ? what do you mean by $reit the Dow Jones Equity All REIT Index?

IYR tracks commercial real estate and not residential - many think that commercial real estate will benefit from a breakdown in residential.

you could have seen this coming due to July 18th and August 23rd price action decisively bearish days.