Matt Trivisonno’s Blog

I think that the XLF’s history from October 10th is pretty clear: It bounced along a bit, plunged when Citigroup went belly up, rebounded when Citigroup was bailed out, but still finds itself unable to re-capture the October 10th intra-day low (click chart to enlarge):

After falling short of the red line on Thursday, I’m thinking that Friday’s jobs report will deflate the XLF’s aspirations and it will roll over and begin a new leg down.

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This entry was posted on Thursday, December 4th, 2008 at 11:50 pm and is filed under Investing. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.