Monday, March 05, 2007

Reits



Today one of the weakest groups were the Reits. Just a few weeks ago there was no stopping this group of stocks on the upside, now they are all crashing down breaking the uptrend that began in June of last year.

3 comments:

Howard Lindzon said...

i have been so busy doing nothing i missed this. good stuff. amazing how fast this could turn. this could really get ugly if we dont hold

Mike Truong said...

Off Topic but I don't know where to post this. It look like your 2nd week up trend for the DOW might be tested this week. Is that trend still in place or are we in a totally different trend now?

Thanks

Kevin said...

Hi Mike,

I was actually going to post about that next week. The 2nd week pattern takes place next week, not this week. It's always the 2nd monday of the month.

The trend has turned down on a short term basis so I don't know if I'm going to take that long trade next week, but it will be interesting to watch. Thanks for taking the time out to comment ..

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