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CaribbeanJim

08/24/06 5:55 PM

#33508 RE: mr_cassandra #33495

mvp - Funny thing is that IYR has nailed the bottom of our indexes everytime it hits the 200dma in the last 2 years. Every correction has been an ABC config, with B at the 50dma. I don't understand how REITs can be this bullish, but then again, I never understood how people could be so bullish on internets near its top. It seems like the making of a bubble.