SELECT SECTOR SPDR TECHNOLOGY SECTOR ETF - XLK
Monthly chart shows no buy signal/pattern evident on this timeframe. 
Weekly chart shows that the bears managed to take back all the gains the bulls made the week before. 
Daily chart shows an abc 3 wave pattern into a double top. Friday's price action saw bears gapping down the open and taking price lower towards the end of the trading day. Look for continuation lower.
Sunday, April 13, 2008
XLK Update for 04.13.2008
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