I had posted a chart on October 1st (Click Here) and it has worked as a charm until now !! Geez, I am really feeling lucky on that one !! Is it my lucky charms ?? ;) I have taken the old chart of October 1st and added an update so you can compare & contrast easily !! BTW: My final target remains $10 !!!
An update on ITB (US Home Construction) won't hurt. The bounce I had aniticipated around $12.53 was a success. My next post on shorting ITB at these levels was also a reasonably accurate call (Click Here). I think that ITB could make another tiny bounce (green arrow) and then resolve towards $11 in the longer run. My final target on ITB is still $10 in early 2010 !
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