Dear Readers the table below was given to Dear Mr. Rent for his Builders short support levels, but there are levels even lower(BOLD).
------------------------------NOW
LEN 42.18 38.35 (43.08 )
HOV 24.24 19.90 (25.64 )(teenagersAgain!)
DHI 20.60 18.11 (22.15 )(teenagersAgain!)
CTX 41.09 35.30 (42.06 ) touched
TOL 26.18 21.36 (26.18 )
MTH 31.64 28.45 (32.73 ) touched
NVR 725.31 509 ( 699 ) touched
Now if these were to occur we are looking at some very unfortunate distress event of gigantic proportions. Not expected, but in this business one must expect unexpected so watch this staff. Thanks Dear Rent for touching on this subject. Good Trading
2 comments:
Iran may make people unwilling to hold over the weekend. That means more selling.
Dear Sqroot, You refer to traders, of course, in this statment. Funds will hold no matter what, it is the traders that may not. And who would blame them or you for thinking so. But objectively speaking unless market supports here in the high BUY PRESSURE envirnoment, then we have a really bad situation at hand. Frankly, I still do expoect markets to start moving from here higher into the early MAY. They may make a little detour in early April, but that is still the prefered scenario and so far I see nothing that is going against that path. GOod Trading
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