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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (43311)	5/17/2006 3:47:37 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68061

Housing starts drop to lowest in 17 months May 17, 2006. 01:00 AM Builders in the U.S. broke ground on the fewest homes in 17 months in April as higher mortgage rates sapped demand, a government report showed. Housing starts fell 7.4 per cent, more than economists expected and the third straight drop, to an annual rate of 1.849 million from 1.996 million. Building permits, fell 5.4 per cent to an annual rate of 1.984 million, the U.S. Commerce Department said yesterday. Builders are trimming sales forecasts as inventories of unsold homes swell. House construction, a source of strength for the economy for five years, will limit future growth as it slows, economists said.

To: Johnny Canuck who wrote (43311)	5/17/2006 7:13:32 AM
From: Logain Ablar	Read Replies (2) \| Respond to of 68061

Hi Harry: It looks like the COMP is sick but it can be ready for a bounce, especially if HP's #'s are received well by the street today. One has to assume there has been a decent amount of technical damage done recently. stockcharts.com The NYSEBP is close to reversing to O's and if it does it is a big negative for the Markets. stockcharts.com The COMP BP is still a little bit away from reversing and this is more a s/t indicator. stockcharts.com I believe Zeev feels we "can" have a decent rally from around this point. investorshub.com I still believe the area to be is in selected oil (not NG), refinery and gold stocks.