Tuesday, October 18, 2011

XLF continued

Here are the other XLF/Financials charts  I wanted to bring you...
 The former high in white, today's attempt in red-note the very heavy volume-looks like churning, that is not bullish.

A closer look at the closing action intraday 1 min chart. 3C is negative as I would expect in a churning environment as well as RSI.

More charts to come, I'll have an update of everything I wanted to cover today but couldn't do to technical problems. I may have to hit the Apple store first as this is very frustrating.

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