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.
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UYG/XLF
UYG Reversal?
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.