See Larry's Post.
Ok lets not get too excited, we have seen this movie before and it didn't end well. We saw a big drop in mid-2011 only to see it rise like a phoenix to new heights and I am not even talking about 2009 when tweedle-dee and tweedle-dumb rigged the system so that we were denied our correction.
Fingers crossed.
Lets see what the official number say and how the GVREB spins it.
The anatomy of a pullback, a trader's perspective
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*Mid-week market update*: Everyone calm down. It's not the end of the
world. A clear-headed approach is to analyze the roots of the pullback from
the persp...
18 hours ago
average detached down 8% compared with last year
ReplyDeleteApril 12 – $1,106,683
April 11 – $1,204,587
The volatility is a good sign for bears.
ReplyDeleteLooks like a classic double top to me - not unlike the TSX in 2008.
The same realtor-hoarder in our neighborhood is at it again, telling anyone who would listen that the house prices won't crash any time soon. She did exactly the same during 2008/2009 mini-crash.
ReplyDeleteWhen we cross $1 Million on the downside then we will be in business.
ReplyDeleteThankss for posting this
ReplyDelete