Posted by junkmaylbox on 12th of Mar 2009 at 04:14 am
I was presented with a double-top scenario for UYG/XLF at the
MA(20) at 7.66 in a personal message. That is one likely scenario.
I do feel that XLF would move higher if $SPX goes into the
740-760 range, perhaps to 8 or RSI(14)=50 or some other odd number.
Again, I could be wrong here.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
UYG Reversal?
Posted by gas6733 on 11th of Mar 2009 at 09:57 pm
Any comments welcome
UYG
Posted by junkmaylbox on 11th of Mar 2009 at 10:51 pm
Perhaps, only an intermediate one. I would expect UYG to move up till XLF touches its MA(50) at high 8 or low 9.
UYG/XLF
Posted by junkmaylbox on 12th of Mar 2009 at 04:14 am
I was presented with a double-top scenario for UYG/XLF at the MA(20) at 7.66 in a personal message. That is one likely scenario. I do feel that XLF would move higher if $SPX goes into the 740-760 range, perhaps to 8 or RSI(14)=50 or some other odd number. Again, I could be wrong here.