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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: ajtj99 who wrote (203777)5/22/2009 5:28:41 PM
From: PerspectiveRead Replies (1) of 306849
 
I haven't spent much time staring at NYA, but I'm about to add it to the top of my list. Man, that thing turned RIGHT at horizontal resistance, and then backtested the 200DSMA perfectly. And look at the volume patterns - nice distribution evident at the two big turns:



We're now *right at* the support line of the "B" wedge that we broke out of and then fell back in. Any down at all come Tuesday and that line is toast. Could be the signal that the trend has really turned.

`BC
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