XLF: Call To Be Out …Good So Far
April 23, 2008 10:21 PM
I warned last week that the “avoid” area on financials was not far above and anything near $27.00 on XLF was likely an avoid or exit long. It reversed off the high made last Friday and has been sliding since. There are 2 numbers that need to hold here….$24.37 and $22.29. Look to be long above those areas and see if they hold. Therefore, sideways between the $27.00-$27.50 area and the $22.29 and $24.37 area seems very likely until we get news to break it out one side or the other.
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