Financial Sector ETF (XLF)
Posted on Tuesday, March 25th, 2008 | In Current Market News
Contributed by: Brian Shannon (http://alphatrends.blogspot.com) -
The important level of 26.20 and has held so far which adds further significance to the 26-26.20 area. The biggest reason for concern (besides the longer term downtrend) is the low volume of the rally from support. Only price pays, so it does not make sense to fight the trend, but failure to make a higher high and a break below 26 could lead to a move back down towards 25.50.
Last 5 posts by Brian Shannon
- Stock Market Video Trend Analysis 3/9/09 - March 9th, 2009
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- Stock Market Video Trend Analysis 2/3/09 - February 3rd, 2009
- Stock Market Video Trend Analysis 2/2/09 - February 2nd, 2009
 About Brian Shannon (http://alphatrends.blogspot.com)
Brian Shannon is a full time trader who shares his market experiences on the highly popular alphatrends.blogspot.com site. Alpha trends has been called "the youtube of technical analysis" by Technical Analysis of Stocks & Commodities Magazine (March 2007) and has been praised in Barron's (October 23, 2006) and Active Trader Magazine (July 2007). Brian trades an account at www.worldcupadvisor.com since March 2006 and in that time has more than tripled the results of the S&P 500. He can be reached at alphatrends@gmail.com |
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