Saturday, July 15, 2006

Declining peaks in Conta Costa/Alameda

Contrary to most people's belief, June, not summer months, is traditionally the month with the highest units sold. As the chart above shows that the number of units sold peaked in June 2004 (4,313 units) as well as in June 2005 (4,067 units). This year, we expect 2,980 units sold in June to be the same peak month. Nonetheless, this trend of declining peaks - the formation of lower highs - is a clear indication of a deteriorating market. This is the same technical analysis application that's been used in analyzing the financial markets. As an aside, please keep in mind that sales in June were generated by sales activities that took place in the previous months.


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