SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : High Tolerance Plasticity
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: energyplay who wrote (6982)8/24/2001 2:28:56 PM
From: MetalTrader  Read Replies (1) of 23153
 
Homebuilding are one of those cases where we are debating whether the beat goes on or we have seen the top. If one listens to the economic indicators, job losses etc the anecdotal evidence seems to be it HAS to go down. With that in mind I've been watching closely for a break in trend. So far it has not occurred.

If you are thinking interest rate cuts, affordability, current P/E and demographics then the intact trend confirms it's a good place to invest long.

No one has suggested we're at the bottom, so I am disinclined to be a buyer at this stage. Even the optimists are calling for a correction of 20% or so before resuming the uptrend. If making a long bet of more than scalping proportions, it has to accompany the HOPE that we're still intact. I hate to hope I don't get caught in an investment. Sounds a bit too much like a coin toss. I am more in the short camp but waiting for confirmation.

major reversal patterns can take a while to reveal themselves fully. In the case of Toll Brothers I am watching the development of a head and shoulders pattern. If it acts classically I would be looking for a move up to the neckline of about 37.5 where it would meet resistance. If the Oscillator indicators at that point are showing overbought and it can't get through that resistance then it would look like an objective short.

If it follows my urging (s)...I'll draw in a new downward trendline and start working on that.

any chartists see it differently?

mt
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News