FXstreet.com (Barcelona) - "The National Association of Home Builders of the US published today the Housing Market Index unchanged in January at 16, neglecting a market forecast indicating it would tick up to 17.
*(this is STILL below any prior reading in history of index)
The official release features David Crowe, NAHB Chief Economist, stating: "The HMI and its subcomponent indexes are holding steady following a below-expectations finish in 2010 [...] At this point, housing remains on the sidelines of a weak economic recovery.."
*(this is STILL below any prior reading in history of index)
The official release features David Crowe, NAHB Chief Economist, stating: "The HMI and its subcomponent indexes are holding steady following a below-expectations finish in 2010 [...] At this point, housing remains on the sidelines of a weak economic recovery.."
Also I have indicator I use which measures trend of fear vs price, trying to locate any CHANGE of existing trend. This indicator is close to reaching 2000 levels. This alone will not predict a top, but would put me on high alert.
D
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