Rochester, NY 8/25/2009 1:44:52 AM
Financial Select Sector SPDR XLF, Financial Stocks XLF Give Time of Truth to their conclusion
Financial Select Sector SPDR XLF
The time of truth for the Financial Select Sector ETF. If that level is hurdled against key near-term resistance at 14.30-14.42 which is bumping up, it likely will give additional strength that propels prices to new highs above 14.60.towards to the optimal target of the company 15.00/30.
Conversely, inability of the XLF to hurdle and sustain above 14.30-14.42 followed by a decline that breaks 14.00, the company will argue that the larger corrective process off of date of Aug 6th high at 14.60 remains viable and points to 13.20-13.00 prior to completion.
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