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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (21085)	5/30/2004 8:31:36 AM
From: nextrade!	Read Replies (2) \| Respond to of 306849

Look Out Below, Lenders In most markets -- be it stocks, bonds, or commodities -- most participants never realize the market has topped until it's too late. But for banks and the rest of the nation's mortgage lenders, the signals are as clear as can be. It's becoming painfully evident that the current surge in housing activity probably represents the blow-off to a four-year party. JUNE 7, 2004 businessweek.com

To: Elroy Jetson who wrote (21085)	5/30/2004 8:32:51 AM
From: George8	Respond to of 306849

Here it goes - the classic start of down momentum. The bids go lower and the volume shrinks. When desperate sellers start hitting some bids, the rest of the buyers' bids will be withdrawn or go even lower.