Below are two graphs that look like they may have something in common. The first is from Whisperer's blog. We have posted it a few times here, and it shows how a mania unfolds in a graph.
I admit I have had trouble identifying where we were on the slope, but things may be a bit clearer now.
The second is the SFH average price for Vancouver. You judge.
Just overbought, or a "good overbought" signal? - *Mid-week market update:* In the past two weeks, I have become progressively more bullish on stocks (see A capitulation bottom? and Buy signals everywhere)...
1 day ago