1/6/05 --

The IMH chart looks pretty bad. IMH has violated a three year uptrend. Worse, uits chart shows a lot of distribution (high volume down days) and a lack of strength even when it was moving up, as evidenced by the declining money flow channel. In the near-term, it looks to be oversold, as shown on the moneyflow chart, and may bounce off the support at about 20.75. Overall, I'd stay away until this one consolidates.