Update on US real estate: IYR

29 3 5
IFFF I am seeing this right a break down here could lead to an extend major drop. Consider shorting if there is a close below 77.78 with a stop on a close >79.75 (Friday's high).

my chart tells me to buy ?
goodguy jangseohee
Jang Thanks for the feedback. It certainly has been going up for a while. There was another really smart trader who told me the same thing. Personally the form of the rise since 2008 looks corrective to me (a-b-c). and the most recent uptrend line has been broken. We will know soon I think if you or I are seeing it correctly. Have a great week.
+1 Reply
goodguy goodguy
Oops it put in the wrong chart. Will try again.
+1 Reply
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