Below are two graphs that look like they may have something in common. The first is from Whisperer's blog. We have posted it a few times here, and it shows how a mania unfolds in a graph.
I admit I have had trouble identifying where we were on the slope, but things may be a bit clearer now.
The second is the SFH average price for Vancouver. You judge.
Oversold enough for a bottom?
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*Mid-week market update: *I wrote on the weekend that conditions were
setting up for a panic bottom (see Here comes the sentiment flush), but one
final flu...
14 hours ago