Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 681.43

+1.6%

Nov 10 4:00 PM EST

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To: Machaon who wrote (50034)	5/10/2013 7:19:10 PM
From: Fintas	Read Replies (1) of 218641

After taking a look at the XLU I wasn't surprised to see it drop. IT's high pole on a PNF and was begging for relief. I don't think it's done going down.. Pull up a pnf chart and look at it using a 1.62 value box going out 3 years and you will see what it's done over that time line. Then you can view it with normal default. What is interesting for all the rally up it's RSI barely budged which shows the strength of the SPXEW. I've seen a few patterns showing this. Like I said the other night I won't be surprised to see if have legs on the pullback as money chases divi's etc. Be well. Fintas

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