Posted by junkmaylbox on 20th of Mar 2009 at 10:06 am
While Matt is preparing his XLF chart with Fibonacci
retracements, take a look at
$bkx. It's MA(20)=24.00, it could be one of the targets. I
would be looking for some trend line support, if Matt can draw it.
For what it's worth.
Posted by junkmaylbox on 20th of Mar 2009 at 11:14 am
One more observation. On the
XLFchart the descending upper trend line, that contained the
channel in which XLF used to be placed and broke out of, comes at
around 7.50sh (or MA(20)). That would be a likely place of strong
resistance and a possible reversal.
matt can you please post
Posted by billrosen on 20th of Mar 2009 at 09:43 am
matt can you please post when we should take profits on SRS and FAZ?
While Matt is preparing his
Posted by junkmaylbox on 20th of Mar 2009 at 10:06 am
While Matt is preparing his XLF chart with Fibonacci retracements, take a look at $bkx. It's MA(20)=24.00, it could be one of the targets. I would be looking for some trend line support, if Matt can draw it. For what it's worth.
One more observation. On the
Posted by junkmaylbox on 20th of Mar 2009 at 11:14 am
One more observation. On the XLFchart the descending upper trend line, that contained the channel in which XLF used to be placed and broke out of, comes at around 7.50sh (or MA(20)). That would be a likely place of strong resistance and a possible reversal.
here's my 2 cents. 60min
Posted by huylam on 20th of Mar 2009 at 09:48 am
here's my 2 cents. 60min DJR/SRS. support on DJR at 97.5 ish and more support at 95. i am taking half of here.