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


To: patron_anejo_por_favor who wrote (169124)12/4/2008 5:29:01 PM
From: tejekRespond to of 306849
 
No. Shoulders can be asymmetric, but the right shoulder should be no lower than the left (for an inverse H&S....for a regular H&S the right shoulder should be no higher than the left).

I didn't know that. Thanks.

We may still swoosh down to 8000 tomorrow.



To: patron_anejo_por_favor who wrote (169124)12/4/2008 7:55:01 PM
From: PerspectiveRead Replies (5) | Respond to of 306849
 
I don't get it. Every sector has collapsed this year, except a couple:

stockcharts.com|D
stockcharts.com|D

I understand relative strength in airlines (oil collapse), utilities, perhaps even biotech. But why the hell, in a consumer-led recession, are the RETAILERS one of the strongest sectors?!? ($DJUSRT)




`BC



To: patron_anejo_por_favor who wrote (169124)12/4/2008 7:57:20 PM
From: PerspectiveRespond to of 306849
 
Has HD even started taking writedowns on their credit card biz yet?

Surely they're getting hammered on losses there, no? Or does somebody else back those debts?

EDIT: Nevermind, it's Citigroup...

accountonline.com

Even crappy vendor financing has been rolled up into the gigabanks, so retail will avoid the hit. Conveniently tucked under the TARP.

`BC