Thursday, September 11, 2008

11 Sep 2008 Daily Charts

The rebound is much stronger than what I expected yesterday.  Now wave iii finished and the wave a is approaching to an end.  I expect a down and up on SPX and XLF.

SPX 60-min chart:

spx

XLF 60-min chart: I expect SKF goes under $107 and I plan to buy some at appropriate price level.

xlf

QID 60-min chart: It has dropped but will go down further.

qid

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