Quote from dgabriel:
DHI.
Putting aside fundamentals, an area in which I defer to the greater expertise of mrmarket and my very close pal slammajamma, on a technical and historical note, I have observed that for DHI to rise in the 4-6 weeks it will have to make an accomplishment that it has never done before: rise a 4th month in a row. Its possible, but it has not happened since 1997. And before that it occured in 1993, where as an IPO, DHI rose 12 consecutive months. On the other hand, DHI has had periods where it did not make a monthly low below its prior month's low for longer than 4 months, but its longest uptrends were in 1993, then 1997, and it is currently in its 3 longest uptrend.
Its current bull run is already 50% longer than its post 9/11 bull run.
However considering the ominous distribution day a few days ago in housing stocks, I don't accord a high probability to mrmarket's prognostication on DHI.
For more analysis on housing stocks short setups, check into my journal thread over the next week.