How To Forecast the Real Estate Bottom

[Pa(b)st Prime]

Quote from traderdragon2:

Fallacious. Im sure many others will notice you were to lazy to point them out

You should only care about the wages of potential buyers. Busboy's don't count. What's the average "wage" in Rio? That would be an affordable equation if one was competing against street urchins for a condo on Impenema......

 

[Son of a Gann]

Quote from Pa(b)st Prime:

You should only care about the wages of potential buyers. Busboy's don't count. What's the average "wage" in Rio? That would be an affordable equation if one was competing against street urchins for a condo on Impenema......

Like when S&P topped just a year ago.

http://elitetrader.com/vb/showthread.php?s=&threadid=77790

Quote from Pabst:

Without giving away what I'm looking at (some of you know a little) I believe that SPX did Friday what most indices did months ago. Topped. As in over. Perhaps over for a few years. This call is not based on hunch or feel and certainly not based on fundamentals although IMO a wild card event will accelerate the break. Rather it's a call I'm making off of a complex analysis of measured moves that provide the backbone of my trading.

I will give myself wiggle room to 1347.86

IF SPX trades above 1348 anytime this year I will leave Elite Trader forever. I will also suffer a pretty good hit financially if SPX continues to rally.

In memory of those American's who perished 5 years ago: Let's roll!