UTIL

then no top on major indices...just another 6 to 8% correction



C=A at 468.



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Utilities aren't looking too bad here, from fundamental perspective. Treasury yierlds have dropped, and Utilities yield went up. I'm thinking of picking up a couple. From technical perspective, we broke that trendline off the lows, but this may very well be setting up as a big falling wedge with positive MACD and RSI divergence.

Edited by ogm, 27 July 2007 - 07:44 AM.