H&S in British Housing Market - Eclectic Investor

When Eclectic Investor spoke in February 2008 of the paanwala top in the Indian housing market, many scoffed. However April 8, 2008, the the Economist has said that the party is over in the British housing market. There are views being propounded that the real-estate bust is slowly moving eastward from US, to UK, and now to Middle East, India and China.However, have a look at the picture. Technical traders would recognized a very familiar pattern.