Chart Notes:
U.S. real estate hit a high during the week of Feb 9, 2007, it hit an Elliott Wave 5 reversing into a Elliott Wave 3 downward on this weekly chart of iShares Dow Jones US Real Estate (IYR). Elliott Wave 3 is always the longest wave. We are at the 50 FIB RET right now, which looks like we will be heading south, since the credit crunch will only get worse this winter quarter.
iShares Dow Jones U.S. Real Estate Index Fund (the Fund) seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Real Estate Index (the Index). The Index measures the performance of the real estate sector of the United States equity market. The Index includes companies in sub sectors, such as real estate holding and development, and real estate investment trusts (REITs). The Fund uses a representative sampling strategy in seeking to track the Index that collectively has an investment profile similar to the Index.