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Strategies & Market Trends : Classic TA Workplace

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To: cybersaavy who wrote (129149)	2/6/2006 8:41:03 PM
From: skinowski	Read Replies (1) of 209892

To me, the mind boggling part of it all is that the energizer bunny called the US Housing Market still is in no mood to give up. Many experts are calling for a top in that market, but take a look at your chart -- the decline looks corrective! It could be a likely scenario that $HGX may find a way to decline - along with the stock market - into what would be a 4 year cycle low later this year... and then - another major rebound. I labeled 2 versions for the decline. The blue is the same as yours, bearish in the IT, but bullish in the long run. The red is downright bearish. But I must admit that the bullish version is more appealing. stockcharts.com[p,a]daclyyay[d20050606,20060206][pb50!b200][vc60][iLa12,26,9][J68953727,Y]&pref=G edit - of course, there is always a possibility that the rally from the (probably) forthcoming low may fail to reach new highs.

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