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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: StockOperator who wrote (13481)	5/10/1999 10:25:00 PM
From: Les H	Respond to of 99985

REITs, as indicated by the RIX, have just moved out of a two-week consolidation pattern. Two other correlated industry groups, Real Estate - Developers and Real Estate - Operations, have started moving up as well. Developers include Rouse (RSE), Fairfield (FFD), Taubman (TCO), Grubb & Ellis (GBE), and Kilroy (KRC). Operations include Avatar (AVTR) and Catellus (CDX). On the other hand, Mortgage REITs are doing poorly.

To: StockOperator who wrote (13481)	5/10/1999 10:27:00 PM
From: HairBall	Respond to of 99985

SO: I have just gone over my charts and let me say that there is very little so far to get excited about. Gee, just about the time I am turning bullish...<gg> Regards, LG