Tuesday, July 21, 2009

XLF looks heavy...

...following Eric's Rule of 3 on Support and Resistance lines. Sorry about the horizontal line, but you can also see a descending triangle developing.


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2 comments:

  1. EricJuly 21, 2009 at 6:10 PM

    I didn't watch the xlf very well today. One would like to see the bounces decrease in "Area", that last one was kind of solid.

    but certainly it should have bounced a little the third time, but usually goes through.

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  2. TonyJuly 21, 2009 at 6:36 PM

    I got juked out by it... never saw the end of day rally coming. Diabolical.

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