2 replies to this topic

[hiker]

in this decline sequence only one weekly close resides below current 32.89 price....XLF pattern is weakening unless it moves again above 33.57 horizontal this week could represent the 3rd successive lower weekly close

Edited by hiker, 07 September 2007 - 08:42 AM.

[hawkeyefan]

[quote name='hiker' date='Sep 7 2007, 10:41 AM' post='313544']
in this decline sequence only one weekly close resides below current 32.89 price....XLF pattern is weakening unless it moves again above 33.57 horizontal

this week could represent the 3rd successive lower weekly close




The daily chart for SKF looks bullish if we close in here. I realize the volume is a lot less than the XLF but it projects to a price of over 100.

[skyymaster]

Yeah, take a look at C, COF, and others who will have to cough up the bloody balance sheets soon. Someone is going to sqwak and that is why they are being sold heavily now by the insiders. IMHO.