**late night add on....1 in 10 homeowners have made at least one late payment..june data. High end meaning NEW homes above $750K last 2 months near NON EXISTANT....this is scarey shit folks (existing homes some did)
2 red bars in bull mkt no big deal, 2 red bars in a continuing bear market may be another technical sign of trouble. CCI topped out, MACD not yet crossed. Price BELOW 13 Week Moving AVG on my chart on a close IMHO would not be very good at all...near SPX 1000.
For now, looking at volume, demand for stocks is not there....selling has not been intense during recent spill.....the buyers have dissapeared....
..and until they come back....common sense adding long positions could bring some pain.
FOLLOW the trend, don;t pick it.....the trend is? RIGHT.....you longs IMHO should be patient and cautious.
D
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