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Four Year Cycle Topped?


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HGX

DOUBLE TOP ALERT!!!!

 

Only thing we need is a little spiker with a reversal bar!

 

My post last week has been answered today, huge outside key reversal bar today!!

SHORT AT WILL.

ETF's are IYR,RWR, and ICF.

 

I am going to allocate 5% trading capital and short the ICF's. Stop 10% above

current level.

 

 

Hank

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You did excellent call, I shorted PHM HOV on 09/30.

 

Thanks Stan,

Glad you are in that one and making money. I shorted ICF after the OKRB.

A lot of downside to be had as the 4 year cycle plunges and recession hits (early-mid 2005 is my guess). A lot of business folk I talk with here are very worried, a weak summer and things are falling off rapidly rather than the usual Fall pick up.

Housing activity here has fallen off a cliff!

 

Hank

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