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SPDR S&P Homebuilders ETF Message Board

  • techchartguru techchartguru Mar 12, 2007 11:27 AM Flag

    Where is the LOW?? VERY soon...

    Look at chart after chart. When Bernanke lowers the interest rates, you will see a MAJOR RECOVERY in these stocks. If you don't think he's aware of the housing stocks being pummelled, think AGAIN. He is, as it was reported. And, according to my sources, it will happen sooner rather than later.

    Still, I know it's worrisome. If you are still in these stocks, what is the point in selling down here? They are ALL very near their LOWEST support lines. Let CNBC beat them down some more. They are like that, but you can be sure hedge & mutual funds will be buying DOWN here. So, bring it on "mommie dearest", as Anna said.

    The volumes are becoming LIGHTER and LIGHTER, and to me, that is an indication of BOTTOMING.

    XHB will hit ROCK BOTTOM at $32.28, in my humble opinion, the risk is wheezing OUT of these stocks the lower we go.

    JMHO

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XHB
30.84-0.28(-0.90%)Sep 19 4:00 PMEDT

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