User: Brian Ripley: U.S. Housing: Picture

Institutional Advisors Analysis of ITB. "The 26.20 high in May was part of "Rounding Top" pattern. The failure was 21.15 June low. Support is at 15-16. Technically, the peak for the housing sector was anticipated by lumber achieving an Upside Exhaustion in March. On the financial side, Utilities XLU accomplished an Upside Exhaustion in April. This is also breaking down." More at www.chpc.biz