So it seems to expect a new low. Fundamentally, I would like to buy real estate given the flood of money....
Hi guys MartyBoots here PROPERTY IS CRASHING -- HOUSE PRICES WILL FOLLOW IF YOU ARE LOOKING TO BUY CHEAP PROPERTIES THEN WATCH THIS AMEX:XHB
Existing Condition: 1. 11/15/2012 Daily demand zone confirmed 2. 60 Min Double bottom. Buy : 25 Stop: 23.8 target: 30; Risk/reward=1:4 If a Gap Up (See G1) breaks the down trend line, it will Confirm reversal in High probability. This is a trading school homework. I need 6 months to practice trading plan. If you like it, thank you for your support....
Think we ultimately go higher but for the next 6 months I'm bearish new homes.
XHB double top. The market may be at all time highs, but it is not perfect. With the market expecting to pull back eventually and the homebuilder sector looking weak, the risk is very low.
Small downside on homebuilders XHB going to pickup some Oct 4 43.5 puts for 14c, expires Friday so a quick play on this daily chart