As I wrote in my Feb 2009 post, “Where’s the Market Bottom,” I believe the real estate and equity markets have more downside coming. Now someone’s IYR model , is setting up for a possible test of its March lows. Hehehe.
I built a fast IYR model myself using Stock Neuromaster to see if I can match his “box” model. My model show a short signal generated on 4/1/09 for 4/2′s open, which remains short this morning.
Overall I’m hoping that we see a test of the equity market bottom and maybe even a break of it, I want to go balls to wall long with the remaining 401k monies have I have. Only time will tell what happens.
