This chart was done for a reader looking to short the REITS about a year ago. I just found it in the chart list and thought the current situation looked pretty good.
A year ago the resistance did not hold, shorts cursed Bernanke and his funny munny policy and went into hiding. Now?
I believe IYR is filled with REITS, is it not? The daily chart of $DJR looks a lot like the IYR. Does one dare take a position in the 'Widow Maker' (Tim Knight's term for SRS)?