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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jon Koplik who wrote (7147)	5/24/2005 2:32:47 AM
From: macavity	Read Replies (1) \| Respond to of 33421

In the UK. Over here they are thinking of using government money to help people buy houses. We are a bit more interventionist here! This is for first-time buyers, to make it 'more affordable'. Somehow lower prices from a sell-off is not seen as 'more affordable', neither is allowing more houses to be built. We are approaching a point where any drop in prices here would be a disaster as there is so much margined off it. I could think of many occasions where I would have liked the government to have split my trading results. Why is this only for housing? And still the 30Y yield heads south. We have had the SPX and NDX indices and also the trannies breach their quarterly lows. I think this is the first time since 2003. My LT trendoscillators are positive but falling. I will be watching the next time we get o/bt on weekly charts. The NDX is there now - o/bt - and I can see the SPX getting there, but not for some time. [13wk Stoch]. This rally is on reducing volume, but where or when it will stop who knows. -macavity