The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Smiling Bob who wrote (181852)	2/4/2009 4:17:01 PM
From: Perspective	Read Replies (2) of 306849

HANS - this is one I've kept on the back burner for a long time. I wanted to wait for the momentum to run out on it. It broke once back in 2006, then it briefly made a charge to new highs. Then it finally began to fail last year. Now it has corrected back upwards for five months, and I'm tempted to take a whack at it. The correction off the 2007 low is a darned near perfect Elliot ABC, with the C now having a full five waves. They are expensive - nearly 20fPE - but they don't carry much debt. No significant earnings weakness yet, either. I'm curious to hear what the thread thinks of this one. `BC

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