XLF summation finaly turned up.
Started by
ogm
, Aug 07 2007 05:46 PM
2 replies to this topic
#1
ogm
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Posted 07 August 2007 - 05:46 PM
Financials have pulled out of the nosedive for the time being.
#2
hiker
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- TT Member*
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independent trader
Posted 07 August 2007 - 06:18 PM
33.30 to 33.90 is the horizontal zone I am watching for now to see if it holds...it was operative today at both low points.
the most recent 60min candles show a lessening of the power of the 60min move up which reflected the 5 and 15sma's being pulled up by price powerfully...now price is below the 5sma for now
#3
ogm
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Posted 07 August 2007 - 06:42 PM
33.30 to 33.90 is the horizontal zone I am watching for now to see if it holds...it was operative today at both low points.
the most recent 60min candles show a lessening of the power of the 60min move up which reflected the 5 and 15sma's being pulled up by price powerfully...now price is below the 5sma for now
I think the pullback may get as low as 32.6. Wouldn't be surprized after such a massive downside move, if we had some sort of a double bottom.
