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Buzz & Banter


The BTK is down 4% and it took only about an hour after my last post for the 470 print to show up. This means the BTK has now formed a lower high, the first lower high on a point and figure basis since this rally began. From here the level to watch is 450, a double bottom break.

Meanwhile, Centex (CTX:NYSE) is the first stock among the homebuilders to give a point and figure sell signal with today's move to 92. The group as a whole is down today, but CTX is the first stock in the group to actually give a sell signal.
No positions in stocks mentioned.

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