SELECT SECTOR SPDR INDUSTRIAL SECTOR ETF - XLI
Monthly chart shows continued weakness. No buy signal/pattern evident on this timeframe.
Weekly chart shows price stuck in large consolidation range.
Daily chart shows increasing selling pressure on Friday, as bears gapped down the open in their haste to exit their positions. Look for continuation lower and a test of current support of $32.42 area.
Saturday, March 01, 2008
Industrial Sector Update for 03.01.2008
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