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If We Are Going Up Post-Fed XLF HAS To Lead…Or Big Trouble Is Likely…

April 30, 2008 1:42 PM

I am not sure which way we are going post Fed - and I am guessing nobody does yet. If we do have a big rally, financials HAVE to lead the way. As I have mentioned, there is massive short interest in that sector, and if they cover, it would explode. I am not saying there WILL be a huge rally, but the charts certainly say it is possible here. If the financials rally, then the commodities will lag, and vice versa….the statement and how the dollar goes is the key… If financials cannot rally…the market is in trouble……IMO…

Laslty if we DO rally….we should close at the high of the day…so if we are obviously in rally mode after, do not take profits, we will close at the days high. IF, IF, IF….. We will know SOON…. Let’s get this going…

Written by Tom@StockBlade.com · Filed Under XLF 

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