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fib_1618

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Reply with quote  #1 
As a follow up to my April 24th post, it should be duly noted that the Real Estate Investment Trust advance/decline line went to new all time highs this past week...this sector remains a strong buy given the relative performance between breadth and price seen on the chart.

Fib



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"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

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hiker

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Reply with quote  #2 
July 12, 2011 closing-basis chart for

SPX and IYR weekly closes:

* IYR has been briefly trading above its 2008 price levels

* fyi, I have quickly compared the 2008 intraday high shown by Stockcharts.com to the dividend-adjusted intraday high shown at Yahoo Finance, and the difference for the 2008 intraday high is more than $2.00 (for the chart below, I have selected the IYR price level shown in purple as the 2008 intraday high based on Stockcharts's data)

Attached Images
Name: SPX_&_IYR_wkly_-_July_12,_2011.png, Views: 38, Size: 54.44 KB



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hiker

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Reply with quote  #3 
extract of Yahoo Finance Sept. 2008 data, showing the amount of dividend adjustment required (calculate the net difference between the actual closing price for the day in which the 2008 intraday high took place, and the dividend-adjusted closing price)

Prices
DateOpenHighLowCloseVolumeAdj Close*
Sep 25, 200861.7062.1860.0861.5615,335,90053.64
Sep 24, 200862.0062.0059.8860.4412,940,80052.66
Sep 24, 20080.78 Dividend
Sep 23, 200862.6863.5461.4461.6715,650,20053.06
Sep 22, 200866.9767.4761.0761.2811,411,00052.72
Sep 19, 200867.2067.2063.7867.2019,358,90057.81
Sep 18, 200860.2565.1157.2165.0748,435,40055.98
Sep 17, 200861.7162.7059.2960.0038,255,80051.62
Sep 16, 200859.3963.1359.2162.9340,741,80054.14
Sep 15, 200862.4563.8460.7761.0527,435,00052.52
Sep 12, 200863.6865.1863.2465.0513,987,70055.96



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hiker

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Reply with quote  #4 
July 13, 2011 closing-basis data

after more scrutiny of the "historical prices" shown by Yahoo Finance, I see the May 19th dividend-adjusted close is the high daily close for the year 2008

the REIT's symbols shown below are selected because of one criteria..they reside often during the 2008 to 2011 price highs for IYR within approx. 5% of their 52-week intraday highs ... the symbols shown below do not constitute the components of the IYR

the far right column computes the % distance from the May 19, 2008 dividend-adjusted daily close shown at Yahoo Finance "historical prices"

gainers since May 19, 2008 -


losers since May 19, 2008 -

http://screencast.com/t/ls991upW1aH

*** The point of providing this data is to demonstrate that REIT's are now above the 2008 daily close price highs when  price is adjusted for dividends paid ... in order to provide an apples-to-apples use of the price action for charting purposes ***

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hiker

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Reply with quote  #5 
IYR data extracted from May, 2008 at Yahoo Finance -

Prices
DateOpenHighLowCloseVolumeAdj Close*
May 23, 200868.0768.1167.5067.755,037,90057.70
May 22, 200868.7868.9467.9968.195,312,80058.08
May 21, 200870.0670.8868.4568.658,043,60058.47
May 20, 200870.8071.0569.5470.178,566,30059.76
May 19, 200871.5071.7670.7971.655,440,40061.02
May 16, 200871.6671.6670.7171.116,593,70060.56
May 15, 200870.7871.5870.1871.585,210,90060.96
May 14, 200870.3470.9970.2470.704,626,50060.21
May 13, 200870.0070.2769.3370.234,805,30059.81
May 12, 200868.5269.9568.3369.864,772,00059.50

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hiker

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Reply with quote  #6 

Attached Images
Name: IYR_wkly_for_2008.png, Views: 29, Size: 61.28 KB



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fib_1618

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Reply with quote  #7 
Quote:
*** The point of providing this data is to demonstrate that REIT's are now above the 2008 daily close price highs when  price is adjusted for dividends paid ... in order to provide an apples-to-apples use of the price action for charting purposes ***

Thanks Steve for scrubbing through the data and presenting your findings.

Fib


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"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

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