This Elliott Wave blog is dedicated to sharing Fibonacci ratios and other technical analysis for forex signals, index futures signals, options signals, and stock signals. Elliott Wave Principle puts forth that people move in predictive patterns, called waves. Identify the wave counts, and you can predict the market.
Monday, March 30, 2009
XLF Loses Over 8.5% Today, More to Come; March 30, 2009
The XLF fell over 8.5% today and it appears to have more to fall as the $7.90 area looks to be the next level of support as this decline gets underway. However with such a big selloff today I'd be a fool not to take SOME profits, so I took 25% of my XLF position off the table.
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