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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (161196)10/30/2008 12:49:31 PM
From: PerspectiveRead Replies (1) of 306849
 
DJIA- you do a little E-wave, right? Have you looked at all the DJIA components lately? Just reviewed all 30 and there is a consistent structure within almost all of them - ringing off the 10/10 low back into overhead resistance. It's now in day 14. I see it in over 20 of the 30. The only two I would consider buying, even with YOUR money, are AA and CAT.

Three-week-long ringing corrections:
CVX
DIS
GM
HD
HPQ
IBM
INTC
JNJ
JPM
KFT
KO
MCD
MMM
MRK
MSFT
PFE
PG
T
UTX
VZ
WMT
XOM

AXP and BA sport similar corrections, but haven't bumped into overhead resistance.

These ringing structures usually resolve violently, and in the direction of the prior trend (down).

`BC
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