Thursday, October 9, 2014

Housing Rolling Over

following chart shows a 3-wave (Corrective rally) from March 2009 bottom. Housing stocks peaked in March of this year, 6 months before Stock market peak. 

Housing stocks are also forming a Head and Shoulders pattern, suggesting that housing is turning for the worst. This could have far reaching consequences for the overall market.

1 comment:

  1. It may still find support at around 23 and then up with the whole market after they bottom.


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