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Strategies & Market Trends : REITS - Buying 1 - 2 weeks before going ex-dividend -- Ignore unavailable to you. Want to Upgrade?

To: gregor who wrote (1845)	5/25/2000 9:00:00 PM
From: Richard Barron	Read Replies (2) \| Respond to of 2561

Gregor, The top tier of REITS appeared to top about 10 days ago, and some of the 2nd tier like GLB, CEI, O ,PEI, SKT, CLP, CBL made runs and appear to be stalling out too. I expect the ^RMS to see a support area at 310-312 where the 4/12/2000 and 4/13/2000 rally stalled out for 2 weeks before launching. This 312 area will also be a 1/3 retracement from 282 to 328 and back. It will also be right around the 50 day moving average. If the techs are still spooky, the REIT rally is more like to find some real strength. Otherwise, many people who fled for safety and yield will jump on some astounding tech bargains (though many will still be sky high in reality). Richard