REITS - Buying 1 - 2 weeks before going ex-dividend Message Board

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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 (2515)	4/12/2004 11:54:38 PM
From: gregor	Read Replies (2) of 2561

Richard: I am not as optimistic as you. I see little resistance at the 200 day ma or the 555-550 range. The fall has been nothing short of amazing. I see the initial plunge taking 2 1/2 to 3 weeks and taking us down to the 470-480 range. Then we have a nice relief rally and 2 1/2 to 3 months from now we have a retest of the lows and another opportunity to reenter should one have missed the first reentry point. I surely am not chartist however look for a candlestick down with a close below the 200 day ma.From that point we bottom out within a week.....best of luck....Lets see if we can "nail" this one. gregor

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