SamSuka
The Long Investor
The Long Investor

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This has been going to plan since it got rejected from the blue line at Wave C in amber, lost the 50 and 200 Day MA and the historic trend line in yellow. We are watching for new lows now, very similar to $COST. As money starts to tighten, people will be reluctant to spend on their home and delay and expenditure for a later stage, this is a a common occurrence with cyclical stocks, as we can see from the $F chart too....people may be inclined to delay buying a new car or upgrading until interest rates are lower. 

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