Saturday, March 15, 2008

Technology Sector Update for 03.15.2008

SELECT SECTOR SPDR TECHNOLOGY SECTOR ETF - XLK

Monthly chart shows continued weakness. No buy signal/pattern evident on this timeframe.

Weekly chart shows a doji/spinning top candle pattern made with last week's trading activity. Look for test of the low at $19.75 area.

Daily chart better shows the trading range and consolidation pattern. Look for text of low and support of $19.75 area.

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