AI
Thursday, August 14, 2003 10:48:36 AM
Building sector signs of reversal: LEN, KBH
Been waiting for PHM, KBH and LEN to show signs of reversal so we might grab the multi-day trend reversal (to take the place of the overbought retailers?). Look for resistance at the 200 period moving average intraday, there is where you might want to take 50% profit and wait. I am looking for more than a scalp in this sector, the wait was long enough.
Been waiting for PHM, KBH and LEN to show signs of reversal so we might grab the multi-day trend reversal (to take the place of the overbought retailers?). Look for resistance at the 200 period moving average intraday, there is where you might want to take 50% profit and wait. I am looking for more than a scalp in this sector, the wait was long enough.
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