Friday, January 21, 2011

21st Jan 2011 – Double Top on XLF

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

 

 

 

 

 

 

 

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

  1. Double top on XLF observed

 

Lesson Learnt:

 

  1. Will this mark a stop for the financial rally? A look at the biggest component in financial hints me that it may not be time yet.

 

Intraday Chart

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Historical Chart

     

    clip_image002

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