I sort of like this call on the IYR and I think you have it marked well. I suppose if they extend the homebuyer tax credit you could def. see the spike to around $50.
I'm sure at that point the media would be able to provide the "reason" the IYR moved higher.
H&S bottom more developed on this chart than S&P... I am posting Annotated Version later this week... I like 50 too but massive resistance at that point...
Singer,
ReplyDeleteI sort of like this call on the IYR and I think you have it marked well. I suppose if they extend the homebuyer tax credit you could def. see the spike to around $50.
I'm sure at that point the media would be able to provide the "reason" the IYR moved higher.
@McFear
ReplyDeleteH&S bottom more developed on this chart than S&P... I am posting Annotated Version later this week... I like 50 too but massive resistance at that point...