Chart of the Week: Bloomberg REIT Index

The Bloomberg REIT Index, a broad based REIT Index with 160
members, is testing critical support near the 195 level (red and green lines),
notes Technimentals Kevin Lane. As seen below the rate of price change via the
RSI indicator started dropping while the index made new highs and continues to
drop.

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Bloomberg REIT Index

Bloomberg_reit_index

Source:
Technimentals

This continued weakening in momentum looks to be a negative,
particularly for a group that has had a strong multi-year run. A close below
this critical support could

lead to a hard correction here.

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Packed house, empty seats

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Quote of the Day:

"Bull Markets are born on pessimism,
grow on skepticism, mature on optimism, and die on euphoria.”

Sir John Templeton

What's been said:

Discussions found on the web:
  1. S Koser commented on Oct 11

    Quote of the Day:

    “Born Markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.”

    -Sir John Templeton

    Um, that would be Bull Markets…

  2. Michael Johnson commented on Oct 11

    I’m a movie buff ,Barry, and my vote on the reason for the decline in viewers is the quality. I almost prefer to see movies alone, and I’d go every week if a movie was worthwhile. I don’t wait until something is on DVD for the home-movie experience. The current crop of movies are just not worth the “investment” of time, energy and snacks.

  3. canyonal commented on Oct 12

    take a look at the research report mentioned in the economist some 3 months ago.

    only 29 of 900 or so movies in 2004 were family rated … all were a success.

    big budgets and big names = losses

    as do R rated movies

    the article is entitled something like.. why do hollywood bosses ignore the evidence?

Read this next.

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