Trapper's Trend Trading (TTT)

[But Anyway]

Looking at the 60 minute Nasdaq chart, it appears likely that the market has one additional "wave" lower before regaining footing on the intermediate term trend higher.

Some of the eviscerated technology stocks profiled earlier should see an additional buying cycle into the seasonal January Effect. I suspect the next wave higher will carry with it some clear-cut "topping" pattens on the charts.

In this post I would like to profile some of the homebuilders. A number of the charts are at key inflection points and many charts have a bearish slant; yet so did many charts of gold stocks prior to the recent rally in this industry group.











Always do sober what you said you'd do drunk. That will teach you to keep your mouth shut. -- Ernest Hemingway