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To: NOW who wrote (123759)	9/8/2005 12:06:37 AM
From: skinowski	Read Replies (1) \| Respond to of 209892

You're too cryptic, TE.... -g. Took me a while to figure out what you mean. Agree, if IYR makes it under 65, it will become pretty vulnerable. The decline back in early August was an impulse, and the correction was a Flat... and it does appear finished, or almost there.

To: NOW who wrote (123759)	9/8/2005 3:59:55 PM
From: bcrafty	Read Replies (1) \| Respond to of 209892

tooearly, it might be too early to call it a 3 (it could be a C) based on the length of any putative ABC corrections over the past couple years (i.e. the 4/04 and 1/05 declines). In other words, I think it could fall to around 60 or so and then resume its former uptrend. stockcharts.com[w,a]daclyyay[de][pb50!b200!f][vc60][iLb14!Lc20]&pref=G About a liquidity crisis brewing, that may be so but how that will unfold (and on what timetable) is anybody's guess. Future FA is also anybody's guess, and some people posit that economic growth will slow due to Katrina and thus force the Fed to ease off on its interest rate hikes, which might feed a further rise in the real estate sector. I currently have no opinion on any of these ideas.