Home › Forums › Housing › Smells like a dead cat to me › If this is a dead cat
If this is a dead cat bounce, which I think it is, the bounce happens to be right on long term support according to this long term look at the House Builders index as seen on this CNN Finance page. (Sorry for the long link)
http://money.cnn.com/quote/chart/chart.html?pg=ch&symb=nasdaq&time=10yr&compidx=aaaaa%7E0&comp=&ma=0&maval=60&freq=1dy&type=2&uf=0&lf=1&ind_compind=hom%7E171546
To make a prediction, this rally will break down again next year.
