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Figure 1 is a weekly chart of the S&P Select SPDR Financial Fund (symbol: XLF). The red and black dots are on the price chart are key pivot points, which represent areas of buying (support) and selling (resistance).
{click on image for a larger graph}
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Looks pretty head-n-shouldersy to me...
I was looking at this exact same chart earlier as a plain .jpg, but the flash application that was embedded in the page to show a PDF of the chart makes it seem so much more authoritative. I agree now, we're going down.
Uh, do you think so?
Stunning revilation!....nurse! apparently the patient has flat lined...Martinis!
Me so nervous.
Say, you don't miss much do ya pal?
As far as charts go----You show me yours and I will show you mine !
Risk Off is the game now.
SMH has to hold these levels:
yes but my broker won't let me trade the left side of the chart, so what's next?
....no comment necessary.
This...is a chart.
Thanks for showing me one of those.
Don't you get it? This is the most important chart you will ever see!