Replies to post #8735 on FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

***MANY HOMEBUILDERS TRADING AT RECORD HIGHS***

New record highs reached Tuesday, June 7th in:

CTX
HOV
JOE
KBH

*Ironically, all 4 issues traded below their past 3 month's average volume, clearly this didn't confirm the new all-time highs in each of these issues!

Also, I'd like to look to the candlestick formed on the HGX, today the stem was longer then the body which extended from open to close as the HGX opened on the low of the day, rallied hard initially until about 10:45 am, then started sagging the rest of the session... I also do not see any technical indicators within the HGX that confirmed Tuesday's new all-time record high...

Are we in the midst of a BEAR TRAP here than?...