KBW INSURANCE INDEX - $KIX
Monthly chart shows selling this month.
Weekly chart shows a bearish gartley butterfly pattern. Price sold off right at the .786 fib level.
Daily chart shows price below all key moving averages and price action shows increasing momentum to the downside. Index closed on its low on Friday, which coincides with the .618 fib level.
One can play the $KIX using the KBW Insurance ETF - KIE
Sunday, October 21, 2007
$KIX Analysis for 10.21.2007
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