Browse Stacks: Analytics: Elliott Wave: Real Estate IYR Weekly and Daily.png

Real Estate IYR Weekly and Daily.png

I am still bearish on real estate. But after seeing the IWM correction as as EWT irregular flat (see recent posting on IWM) I think the same form is most likely true for IYR. The second most common relationship in this form of correction is for "b" to exceed "1" by 1.38 which is what we have here. Take care.


Nice charts on IYR and IWM thank you! 5/23/16
Correction: on the weekly chart it should be" 3= 2.618 X 1"  
Thanks OO7 5/23/16