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Trader's Desk Signals Special Report, I think I see the whites of their eyes!

By
Real Estate Agent with Re/Max Real Estate Limited

"Do not shoot till you see the whites of their eyes!"

It was General (Doctor) Warren, of Lexington, MA. He also died in the Battle of Bunker Hill.  http://www.britishbattles.com/bunker-hill.htm

Bunker Hill

Well, their eyes are getting closer.

If you recall we sold Crude oil back in July at the high tick of $147.10, my forecast was for a low within 6 months at $75.00 target.  Oil hit 84.15 today and the whites are getting closer.

This was one of my best calls of the year and probably one I will remember forever.

For people who have been short, they should look to cover. Enter day and night orders at $75.00.

As for the stock index futures markets, If you have followed along, we have been pushing shorts for over 2 months. I am finally seeing the whites of the SP futures eyes also. Here is how I think it should be played. Divide your buying power into 3 parts.

Buy now at current levels of 909 or better, Dec future 1/3 of your investment at market open tomorrow morning.

Buy 1/3 again at 850 Dec Future

Buy 1/3 again at 800 Dec Future

The volatility is that high that the spreads are that wide.

If we rally to 950 buy 1/3 Dec Futures on stop and delete lowest price order that is left.

I will keep this entry format open daily if needed on this blog.

When the fed gets the money worked out, the Libor rates will flatten and the market will have the biggest one day rally ever!

 This will bring in more confidence for real estate and lower mortgage rates.

Happy trading!

view my new homes for sale

Comments (3)

The Somers Team
The Somers Team at KW Philadelphia - Philadelphia, PA
Delivering Real Estate Happiness

Good post !  I like the way you think !!!!  It is a tricky market - Im glad most of our assets are in real estate !

Oct 09, 2008 12:38 PM
Richard Stabile
Re/Max Real Estate Limited - Oradell, NJ
Bergen County New Homes Builder Realtor

Hi Christopher ande Stephanie:

I think all we need is credit spread to contract and real estate will go!

For those of you following, the market opened at 870.75 therefore we bought one unit there.

it it below  850.00 so you would have bought a second unit at $850.00

Now open order for 800 one unit to buy or buy another at 950 stop.

Oil hit 78.55 close to our long term cover of $75

Good Luck

Richard

Oct 10, 2008 04:55 AM
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Richard it is the one bright spot in an otherwise abysmal week. I think we will see a big rally at some point as well.

Oct 12, 2008 06:55 AM