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

To: ChanceIs who wrote (113722)	3/31/2008 1:04:31 PM
From: Perspective	Read Replies (3) \| Respond to of 306849

I'm not sure if I've got the guts to load up on the basis of those charts just yet. A little gunshy right now. I pared homies down to about 1/2 normal position months ago, but given their rallies, they are back to about where I want them weighted. I've got a lot of sectors I'm targeting Message 24449092 so it takes a pretty compelling interest in a specific sector to overweight it - especially when it isn't on the 52-week lows list. But it would make sense to me that the "buy the homies" theme would die on a quarter end, and after the sharp corrections they've had. I think that HOV chart could be the tell - it tried to break above that TL, on heavy volume, and pulled back underneath it. It's right at the line again. Remind me to keep watching it! EDIT - I guess the thing to watch for is a failure of the young uptrend support lines. A spectacular failure of all the potential inverse H&S bottoms would do for me as well. `BC