ord joined. Gary_F tim ords charst are psoted Gary_F he will eb ehre soon Davidb sx neg ord I'm Here Davidb 84.57dx Davidb hey tim ord Hi Dave brad hi tim Gary_F the sellng prssure we saw eailer in es Gary_F pushing lowr swetz welcome bak Tim :) ord If everyone had a chance to download the charts I'll begin Gary_F lookig for an atmpted spring of 1016 or so brad just a sec plez brad pleez Mike hi Tim ord Hi Brad ord Hi Mike Gary_F good morning ord GM fary Gary_F charts are posted ord Thanks Gary_F who is Fary lol Gary_F i play one on TV brad let r rip tim MIKEYG IBM is at major ice brad hi mike MIKEYG hey brad ord OK Gary_F dont spell the word count wes 525 wheat ord XLF is showing some interesting statistics longer and shorter term Davidb hahahaha fary ord I have a long term chart going back ino 1999 ord I have drawn a horizonal line near 17 going back to 1999 that was broken inn2008 with a "Sign of Weakness" rich joined. ory m Tim ord In 2010 XLF rallied back to that line near 17 in April 2010 and had price rejection wes wheat wes new highs wes new bull ord The 17 levell on XLF was a 38.2% retracement Davidb back to normal wes ord also notice that the low in 2009 was a spike low and most spike lows are re-tested wes ya ord The MACD, MOney Flow and Bullish Percent index of 2010 where similar to what appeared at the 2007 top ord Since this is a weekly chart, so far not bullish divergences are setting up and suggest the intermedidate term trend is still down ord My view longer term is that XLF may go back and test the 2009 low near 6.00 ord Next chart is the daily XLF chart ord Yesterday SLF broke the support line near 13.5 and then closed above it producing a bullish "Spring" for short term ord If a market can't break the previous lows with a "Sign of Weakness" then normally it will reverse and attempt to take out the previous high which is 15 range ord The Chaikin Oscllator is at levels where previous short term lows have formed ord Also Seasonality is bullish right now yoohoo left. cutworm left. DK Have Great 4th July Everyone wes es lows DK left. wes nice 1032 retest wes now prob go to 950 ord The period around July 4 normally produces turns in the market bcb red flag-cz its going to rain early next week and i know its a long day today but we shouldnt close higher ord If 15 area is achieved on XLF on light volume it would suggest resistnce ord also notice that On Balance Volume is downtrend and intermediate term bearish sign Davidb my es trgt Davidb is 920 Davidb to 930 Davidb 50% of the lows to high Davidb under 1006 Davidb i think es falls like a knife ord What may occur here over the next week or two is a bounce then the decline would start again break through the 13.50 rang support and head lowere ord Are there any question Darren joined. ord FAZ would be a good place to play XLF,FAZ is 3x short XLF Zack Thank you Tim Davidb 387 holding Davidb ty tim ord Thank you Zack ord and David wes gonna get ugly in es wes no support ord See you next week and have a great holiday ord left.