Wednesday, July 22, 2009

Another XLF Update: top of channel

XLF for a low risk short here at 12.19-ish. The buy-stop is 12.25.

VWAP is 12.05 and the target should be somewhere above that level.

OR, this could be a sideways bull flag with the low volume (wave 4?) and then we will go higher. We'll see. Stop is set.

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