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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: donc who wrote (241900)3/23/2010 11:51:33 AM
From: LTK007Read Replies (1) of 306849
 
<<Nice study..

but still think we get a mild correction here..8-10%
into May..

donc>> My question is "Do you mean from now???"

My attitude is for this entire Bull Run channel has been a relentless "Higher Lows" and "Higher Highers" that, to maintain higher lows would mean 1046 is safe.
We are at 1166 at this moment, a 10% decline would be possible, as that would be a hit at around 1051.
My rule, a Bull Run can NOT be broken without a drop below the last distinct low, which was 1046/45--the sell-off from 1151 to 1046 was what--hmm? 10% down is -115, or roughly 1035, so we had a -9% area down.
Any move to below 1046/45( like to 1035) would signal the bull run pattern of higher highs and higher lows is over--kaput, and we shift into lower highs and lower lows.
It is that mechanical a signal. Max
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