Real Estate Still Sucking

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.