REITs Show Strong Foundations

This column was originally published on RealMoney on July 6 at 11:00 a.m. EDT. It's being republished as a bonus for TheStreet.com readers.

I received a fair amount of email about Wednesday's piece on confidence problems. It turns out that many traders felt that I had discovered their secret Achilles' heel and disclosed it to the world.

Alas, that is the nature of trading. We all battle the same demons; some are just better than others at beating them back.

It is this common thread of emotions that gives meaning to charts. Simply scrutinizing the appearance of squiggly lines on a chart doesn't get you very far....