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techcharter

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techcharter

Re: None

Tuesday, 07/06/2004 7:09:23 PM

Tuesday, July 06, 2004 7:09:23 PM

Post# of 51804
REIT - IYR

The I-share for REITs has some fibonacci numbers to consider.

The drop from the $110 level fell 21%.
Wave 2 has nearly recovered $16.18.
Wave 2 retracement is on its 55th calendar day.
Wave 1 and Wave 2 have taken a little more than 89 days.

The last three are a time and price convergence, so tomorrow has a strong chance of making a turn lower.


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