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

To: Galirayo who wrote (213023)	7/28/2009 8:22:35 PM
From: LTK007	Read Replies (2) \| Respond to of 306849

That weekly chart of yours is quite something stockcharts.com We are in decision time regards PB versus Bull Wild breakout. That ascending triangle while odds on favoring significant PB, will breakout something like 25% of time in one statistical study i read-- it is the battering ram quality of the market at resistance area that has me 60-40, we breakout. But that would mean a early 2000 type blow-off mania. On IQCharts--which i can't manage to post as i have never mastered Snag-It:( -- My Fast Sto (5/5) reading at the close to today is awesome overbought K=88.(By IQCharts metric, this is 7 points above it highest reading in 2000, which was 5/5 = 81,on daily--and that day was 3/23/2000. But MACD slope is curling down slightly. CCI Daily has been crawling flat at a ceiling of the 100 area for an relentless 10 trading days,closed at 93 today.Again we faced with is signalling a tiring and significant PB,or is it just priming the pump to move on up and blow out 200. Just chacked SPX back to 2000,and CCI had a blow out move to 233 that peaked on 3/15/2000 and but SPX didn't hit it's final high climactic high until 3/24/2000, with an intraday 1552.xx Bottomline:Market has one choice now PullBack! or go INSANE., imHo. i am going to be watching the CCI.