XMI price alert:
XMI is having a bad day here. This has held up remarkably well for months as you know. It is the lynchpin of the non-tech resilience. It has to fall or non-tech ain't going anywhere down.
The shelf at 1025 has held since Nov/00 and was only violated briefly two times previously going back to Mar/00. Hoever, the real deal to keep an eye on is the triangle it has formed since Mar/00. The lower line is around 1009 this week.
(XMI components:
AXP, GM, T, IBM, CHV, IP, KO, JNJ, DIS, MCD, DOW,
MRK, E, DD, MMM, EK, MO, XON, PG, GE, S) |
