Reits Powering Ahead
The strongest group today were the reits.. Above is a 4 year chart of the Specialty Real Estate iShares.. You can see what a powerful trend the Reits have been in..Notice in the above chart, everytime the oscillator got below the buy line the Reits staged a huge rally.. Also notice that these buying opportunities appear roughly every 7 1/2 months.. The next cycle low is due in late January of 2007.. If I see the Reits selling off then with the oscilltor below the buy line followed by a small move up, you can be sure I'll be buying!
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