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

To: James Kibler who wrote (2466)10/7/2003 12:34:37 AM
From: Richard Barron  Read Replies (1) | Respond to of 2561
 
Jim,
I expect REITs to hit a blow-off high in the next 1-2 days, with a 25-35 point drop minimum (from the high)in the ^RMS index within 2 days. I have never seen an index run up by 1% for more than 7 consecutive days without a 1/3 retracement of the last run.
Of course, this doesn't mean I won't see such a run this time.
Richard


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