The XLF is still trying to make a new high, but had a nice wedge developing there, it should correct.
that should verify this downtrend in the spy, Get a nice correction going...
Remember this is end of the month, and we could see some window dressing/ window breaking into the close
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Friday, August 29, 2008
xlf vs the spy
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1 comment:
I just posted it, get worried if the qqqq's hit 46.60
but I think the trend is still down
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