Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Bucky Katt who wrote (9232)	7/25/2001 12:27:35 PM
From: James Strauss	Read Replies (1) of 13094

William: I agree that mortgage rates will not change much between now and the end of the year... There was a time during rising inflation that mortgages of low interest rates were being paid off in cheaper dollars as the values of the properties kept rising... Now with relatively low inflation and low interest rates but with rising unemployment, we could be seeing the signs of a weakening of the housing market... The chart of one of the nation's largest home builders Lennar is beginning to show some cracks... bigcharts.com 34.00 is an important support area... The 2 year chart shows some possible topping activity... bigcharts.com Charts like these should give us a clue as to the health of the housing market... If 34.00 is tested and holds, that's a bullish sign for the economy... If it's broken to the downside, that will reflect the anticipated impact of middle management layoffs around the country... Jim

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