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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Magnatizer who wrote (22119)	10/17/1998 12:30:00 AM
From: MechanicalMethod	Read Replies (1) \| Respond to of 79230

DJ, Housing construction in Dallas is booming. It's been this way for an eternity. There was a time in the 80's when 30yr mortgage rates were 18% and buyers couldn't qualify for loans. Today's rates are the lowest I've seen in my 25 years in construction. And there won't be any mercy. Housing construction will continue to grow unabated even if rates go up. They could go to 12% and buying would increase along the way. Everyone who hadn't already bought or traded up, would be spurred to do something quickly, fearing if they didn't, they'd have to pay more. There isn't any recession in the housing market and there won't be, at least not here.. maybe . . Hong Kong? Japan? Germany? Osci