Sunday, March 30, 2008

Well Done XLF

Below is a post from Member Site dated March 25th


Tuesday, March 25, 2008


I wish that would hold water and if market would only care about technician's view - tomorrow would be a very "nice" down day for financial sector. XLF is hitting Fibonacci Level and upper trendline of descending price channel at the same time - bounced off very nicely today - will continue down move tomorrow? Last not least - volume during upward move was "less than impressive"


And this is XLF 3 days later and more than 8% "cheaper" ( SKF Ultra performed admirably...)