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Strategies & Market Trends : REITS - Buying 1 - 2 weeks before going ex-dividend

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To: Richard Barron who wrote ()4/7/2000 8:38:00 AM
From: Wren  Read Replies (2) of 2561
 
The RMS broke through 300 yesterday. It tried a breakthrough in January but fell back. REITs are getting a lot of positive press just now.

I looked at RMS on BigCharts with the Relative Strength Index in the lower portion. The RSI was up to 80. That is a very strong RSI reading compared to recent months. The RSI was last over 80 in April and May of 1999. It did not stay that high very long and began a long decline as the RMS declined to the December bottom.
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