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S&P 500
5,576.98
(
0.07%
)
US TECH 100
19,890.80
(
-0.01%
)
Dow Jones
39,260.14
(
-0.22%
)
Brent Oil
84.50
(
-1.08%
)
Bitcoin
57,779.59
(
1.89%
)
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techcharter

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techcharter

Re: None

Friday, 03/11/2005 5:29:19 PM

Friday, March 11, 2005 5:29:19 PM

Post# of 51809
REIT Bubble bursting.

REITS are showing an ending diagonal elliott wave. Since wave a is greater than wave c, wave e will be shorter than wave c. This means the high of 231 will be an unorthodox top (truncation). The combination of ending diagonal and truncation implies a very sharp drop is about to happen in the next 2-3 weeks. Give REITS another 4-5 days to rally before shorting. This is going to be a great opportunity to make money as the market falls.

http://stockcharts.com/gallery/?$DJR
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