Simon followed Kim
Started by
greenie
, Jun 20 2007 02:04 PM
1 reply to this topic
#1
greenie
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- Traders-Talk ~
- 3,184 posts
Member
Posted 20 June 2007 - 02:04 PM
1. This market is all about liquidity.
2. IYR is the most liquidity sensitive sector here, and leads the market.
3. SPG (Simon) is the largest component of IYR. Where SPG goes, IYR usually follows.
SPG is leading IYR on the downside and just broke 97 support.
4. KIM is in the same business as SPG, and usually leads SPG.
Now,
KIM broke down support three days back.
SPG did the same today.
IYR is sitting right on 80 support (slightly below now, but will see EOD).
So, you can imagine what is coming to the general market
It is not the doing that is difficult, but the knowing
It's the illiquidity, stupid !
It's the illiquidity, stupid !
#2
jawndissedi
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- Traders-Talk User
- 1,018 posts
Member
Posted 20 June 2007 - 03:01 PM
Nice call, Greenie. You've been focused on the crucial sector all along.1. This market is all about liquidity.
2. IYR is the most liquidity sensitive sector here, and leads the market.
3. SPG (Simon) is the largest component of IYR. Where SPG goes, IYR usually follows.
SPG is leading IYR on the downside and just broke 97 support.
4. KIM is in the same business as SPG, and usually leads SPG.
Now,
KIM broke down support three days back.
SPG did the same today.
IYR is sitting right on 80 support (slightly below now, but will see EOD).
So, you can imagine what is coming to the general market
Da nile is more than a river in Egypt.
