If you're short, I'm the sucker going long....: hopefully we have an ascending triangle here on the xlf

Tuesday, July 22, 2008

and we are working on a breakout

Tony said...: 68% retrace would be $23.60; July 22, 2008 at 11:38 AM
Tony said...: Good call on the XLF-- now at $21.10

How did you see that? (Rhetorical question, you don't need to answer); July 22, 2008 at 11:45 AM
Eric said...: Again... I'll sugest the xlf will range trade... 24 sounds good, then maybe a pullback to 21.50 but in the comming weeks; July 22, 2008 at 11:53 AM
Eric said...: This is wave 2 of the summer rally....

What I keep talking about with the "costanza trade" Remember the Seinfeld where he decided he should do the opposite of what his impulse is to do..

Be carefull... you and everyone eles(including me) are letting emotion run things... this will get worse.. and it is what makes a real capitulation.; July 22, 2008 at 11:57 AM