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Post# of 79026
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CaribbeanJim

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CaribbeanJim

Re: mr_cassandra post# 33495

Thursday, 08/24/2006 5:55:59 PM

Thursday, August 24, 2006 5:55:59 PM

Post# of 79026
mvp - Funny thing is that IYR has nailed the bottom of our indexes everytime it hits the 200dma in the last 2 years. Every correction has been an ABC config, with B at the 50dma. I don't understand how REITs can be this bullish, but then again, I never understood how people could be so bullish on internets near its top. It seems like the making of a bubble.

Jan 4 - We have transitioned into a bear market. Completely different rules apply.
May 23 - IMO, any price at/above this close makes a great Nasdaq/SP500 short.

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