Users: Tomb: XLF DAILY LOG.png

XLF DAILY LOG.png

This bear is still holding on. (at least for a little while longer). Here is a chart of XLF in where a down trend line was broken today and a excellent fellow stacker said the bear is dead. Then I see that Tim wants to vomit which usually means everthing is looking bullish to his dismay. I hate to mention EWT here because then all of you want to vomit. But it is just a complex pattern idea and what pattern works all the time: NONE so give me a break. But the chart shows how I see it and until there is a close > 25 I think a bear market is possible. (To me this idea is supported by the fact there is a negative reversal in the RSI followed by a bearish diverergence so far). Take care. Have a great weekend. TB

Comments

ammoammo
http://online.wsj.com/mdc/public/page/2_3022-mflppg-moneyflow.html 
may be sooner than we think 8/5/16