http://stockcharts.c...&i=0&r=346&.png
This is the only situation, where parabolics go to infinity and not come back.
http://stockcharts.com/c-sc/sc?s=$ONE:LEND&p=D&b=5&g=0&i=0&r=3510&.png
Edited by greenie, 13 March 2007 - 09:06 AM.
Posted 13 March 2007 - 09:04 AM
Edited by greenie, 13 March 2007 - 09:06 AM.
Posted 13 March 2007 - 09:32 AM
Posted 13 March 2007 - 09:51 AM
Maybe what you are seeing is the bottoming for the sector?
Posted 13 March 2007 - 10:01 AM
Posted 13 March 2007 - 10:11 AM
Posted 13 March 2007 - 10:14 AM
If you are talking about the lending sector, I am expecting a bottom much sooner. NEW bottomed yesterday, some of the other subprime lenders will bottom this week or next. Then it will be the turn of the Alt-A lenders, sometime in 2-3 months.
Also, I am expecting Bizarre homes to 'bottom' in the coming months - at least it is heading that way . I am also keeping my eye on COF. They stopped sending junk mails lately. Ready to make that last run for the 'bottom' ?
Are we speaking the same language here?