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Strategies & Market Trends : Classic TA Workplace

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To: reaper who wrote (81107)9/10/2003 11:21:37 PM
From: Shack  Read Replies (1) of 209892
 
Interesting stuff Reaper, although the FA never helps me with TA. Remember our discussion of RIMM a few months ago? The market obviously doesn't care FA.

And the market loves those REITS still, I don't see them topping as of yet. The $DJR (REIT index) has just broken out above its 2002 high so its unlikely the bull is over there.

As for the homebuilders, they all look sick to me in the near-term and possibly in the larger time frames as well, although its too early to say. I'm not sure I would declare that bubble dead quite yet. At the very least they look like great shorts near-term. Most have a lot of air in the chart and could drain quickly here. CTX looks the weakest.
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