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Strategies & Market Trends : Classic TA Workplace

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To: martin001 who wrote (85497)	11/7/2003 12:29:19 AM
From: GREENLAW4-7	Read Replies (2) of 209892

Talking about IRRATIONAL, the Housing stocks like TOL and DHI (not to mention OHB) are simply tagging along w/ the S&P to what may be considered a BLOW_OFF TOP. I have watched these with stocks melt up the last 4 weeks noless then 35% respectfully. Even as the mortgage data has been showing weakness the last 6 weeks. This was recognized in TOL's CC when they would not comment on CURRENT market conditions. Perhaps TOL and the others are a sign that indeed we are at the TOP? GREED can take one only so far before the exit gets so clogged noone can get out. (burning theater) Europe raised rates today, the Housing stocks did not even blink!

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