Saturday, March 08, 2008

Financial Sector Update for 03.08.2008

SELECT SECTOR SPDR FINANCIAL SECTOR ETF - XLF

Monthly chart shows no buy signal/pattern as of yet. Expect continued weakess.

Weekly chart shows increased selling pressure the past week. No buy signal/pattern evident.

Daily chart shows early bulls stepping back in. Let's see if they are able to hold this low or not.

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