Traders Cooperative

[ChartReader]

Duster: Thoughts on SPG (and SRS 2X short)

I used to follow your thoughts a lot on Zeev's thread...

Looks like you've gotten your "under 48 confirmation" on SPG = a nice move down.

I too follow the components of the SRS (2X short index)--here's my Friday's post on SRS (and components).


You'll find most of my posts on:

Zeev's Turnips Patch-No Politics (ZEEV):
http://investorshub.advfn.com/boards/board.asp?board_id=1125

Very late Friday (1/09).....



Bot SRS (again) at 57.45

01/09/2009 Buy xxx SRS PROSHS ULTRASHORT REAL REAL ESTATE $57.45700

This is 2X short commercial real estate via $DJUSRE (aka IYR = hourly) index.


IYR "10-DAY x 1-minute" chart shows break to the downside.

Individual components of index's charts look "sick":


SRS (2X short) Proshares UltraShort Real Estate
Dow Jones US Real Estate Index ($DJUSRE)
IYR = Hourly equiv.
Top 10 Index Companies

SPG Simon Property Group 7.76%
VNO Vornado Realty Trust 4.69%
PSA Public Storage 4.56%
EQR Equity Residential 4.31%
BXP Boston Properties 3.99%
PLD ProLogis 3.87%
HCP HCP Inc 3.59%
PCL Plum Creek Timber REIT 3.08%
KIM Kimco Realty 2.90%
AVB Avalonbay Communities 2.71% = 41.46 cum


Might cause pain again.


Covered last SRS's "way too soon":

01/08/2009 Sell xxx SRS PROSHS ULTRASHORT REAL REAL ESTATE $53.80000
12/31/2008 Buy xxx SRS PROSHS ULTRASHORT REAL REAL ESTATE $52.05800


--ChartReader