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Financial bounce is not over yet

(2008-07-31 14:34:46) 下一个


Pay attention to the strength of GS as the leader of brokerages, WFC as the leader of banks and JPM as the leader of financial super power.They still have room to go up. XLF meets with some resistance at its 50 day SMA. Once breaking up, it will end this round of bounce at 24 (100 day SMA) to 26 (lower bound of its upper range ceiling).

BTW, I posted 熊火烧不尽 春风吹又生 one day the market bottom (http://blog.wenxuecity.com/blogview.php?date=200807&postID=15698).

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