Longer-Term Market Trends Message Board

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Strategies & Market Trends : Longer-Term Market Trends

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To: AllansAlias who wrote (1379)	7/16/2008 6:01:15 PM
From: John Madarasz	Read Replies (2) of 3209

Longs also like the possible bottom candle forming on $BKX here Just as I suspected financials look to be coming out of the very oversold early week hole...tomorrow will be a crucial follow through day...if not, a low volume pullback could build a nice looking IH/S in UYG...the 2X ultra long proshares etf I mentioned a few days ago Here are some very interesting thoughts on the XLF as a leading indicator to be watching for the financials...and my current UYG 60 min below that (I did notice that 60min charts are allowed in board rules) <gg> vixandmore.blogspot.com

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