Technical analysis is not a blueprint but you have the right idea,jyurasek02. If you hope to be a market timer I would suggest you get to understand listing to pending sales ratios and know you target zip codes very well by this parameter.The ratios are really bad now and almost universaly getting worse so it is a good time to start.Make sure you understand why the ratios are changing.Do comps all the time comparing sales as much as a year back up to the current day. Also watch the cost of owning vs. renting in conjunction with the listing/pending ratios and the “distress” element in the inventory. If you feel like you have your finger on the pulse of that and keep an eye on the economy in general and your own outlook, you will do fine.
