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

To: Jim McMannis who wrote (119222)	4/29/2008 11:46:33 AM
From: Giordano Bruno	Respond to of 306849

youtube.com fdic.gov marketwatch.com Consider the following recent bullish developments: -- On April 1, each benchmark broke decisively atop its 50-day moving average, and has sustained the break higher for a month. (See the April 2 review for detail.) -- The slope of each benchmark's 50-day moving average has since turned higher, consistent with a new uptrend. -- Each benchmark touched three-month highs last week driven by its strongest volume since April 1. -- Each benchmark's relative strength index has touched its best levels since October, when the Dow and the S&P were hitting all-time highs. -- On April 18, the Dow cleared major resistance at 12,750, and nearly two weeks later, it continues to press new highs. Collectively, the points above are distinctly bullish.