The financial sector is melting away. The S&P has fallen back below support. This is turning out to be a very bad day. If there is no short covering in the end of the day we will be in danger territory.
Recall the XLF (financial sector) chart I posted last night. I said that the financials were going to keep going lower. Pay close attention to the area I highlighted as the target.
Friday, August 3, 2007
Market Update
Posted by Fp80 at 8/03/2007 02:52:00 PM
Labels: Market update
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