AI
Thursday, December 14, 2006 9:29:19 PM
$HGX: Since this post, housing stocks were downgraded. As we can see, housing stocks are mixed, but generally momo is down. "TOL" is at resistance on weekly, but ZLR possible on daily.
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Posted by: __1Best__
In reply to: wonderbuy who wrote msg# 2518 Date:12/6/2006 9:04:32 PM
Post #of 2707
WB, Housing stocks: $HGX rallied since Aug 8, the Fed pause as I alerted during Jul 06 bottom. Now, major housing market stocks rallied to resistances, e.g. major ma or TL, after rallying today based on DHI news. $HGX daily broken above "Price Channel" TL resistance, and, while it still has upper target to the Jul05 down TL resistance as shown on the weekly chart, need to be careful with purchasing housing stocks at this time since many, e.g. BZN, CHB, DHI, HOV, KBH, PHM, SPF and TOL, closed at resistances.
http://www.trend-signals.com/index.htm
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Posted by: __1Best__
In reply to: wonderbuy who wrote msg# 2518 Date:12/6/2006 9:04:32 PM
Post #of 2707
WB, Housing stocks: $HGX rallied since Aug 8, the Fed pause as I alerted during Jul 06 bottom. Now, major housing market stocks rallied to resistances, e.g. major ma or TL, after rallying today based on DHI news. $HGX daily broken above "Price Channel" TL resistance, and, while it still has upper target to the Jul05 down TL resistance as shown on the weekly chart, need to be careful with purchasing housing stocks at this time since many, e.g. BZN, CHB, DHI, HOV, KBH, PHM, SPF and TOL, closed at resistances.
http://www.trend-signals.com/index.htm
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