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IYR


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#1 hiker

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Posted 21 December 2006 - 02:40 PM

I mentioned 82.55 area last week or so as an area to watch based on horizontal action and gap....

today it is testing the 50-day sma

http://stockcharts.c...allery.html?iyr

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Edited by hiker, 21 December 2006 - 02:43 PM.

why is it important to wear sunglasses, even on cloudy days?

UV damage to the eyes is cumulative during the lifetime

blindness from UV damage to the eyes is preventable for the current younger generations -

elvis wore shades - by the Cleveland Clinic

#2 Cirrus

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Posted 21 December 2006 - 03:03 PM

I was looking at the relationship of the IYR to the SPX earlier today. The correlation extremely tight--as expected. The more interesting aspect is that it has tended to lead the SPX by a little for a few years now. I still think the homebuilders are the best tell out there. They should be junked IMHO and are way overvalued. If institutions are willing to hold these stocks why should they sell others?

#3 no_mind

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Posted 21 December 2006 - 03:47 PM

I still think the homebuilders are the best tell out there




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