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Joined: 28 Dec 2005 Posts: 12643
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Posted: Sun Aug 20, 2006 8:22 am Post subject: EBAY Comparison Chart |
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The first chart is a nine-month daily chart of KBH (candlesticks with 50-day MA, and right scale) and EBAY (green line, and left scale). Over 2006, KBH and EBAY fell by roughly same percentages. Homebuilders were ranked last in relative strength when KBH bottomed, and internets are currently ranked last. KBH may be leading EBAY by two weeks. In early Aug, KBH closed slightly above the 50-day MA, traded above that MA for several days, fell, and then rallied. If EBAY follows a similar pattern, it will fall to around 25, and rally again. The second chart shows EBAY held the 50-day MA Fri.
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