It is important to understand that this is a log chart. However, my retracements are a normalized linear interpretation of the logarithmic relative price movements.
50% normalized retracements of the log prices are roughly 9,000 in the mid-term and 1,000 in the longer-term
Please click on the chart to see the detailled view
Real Estate Newsletter Articles this Week: Mortgage Delinquencies Increase,
Foreclosures Remain Low
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At the Calculated Risk Real Estate Newsletter this week:
[image: Existing Home Sales]*Click on graph for larger image.*
• NAR: Existing-Home Sales Decrease...
3 hours ago