Wednesday, February 16, 2011

XLK Technology Sector Negative Divergence

XLK technology sector chart shows what many charts show right now, both weekly and daily charts, negative divergence. A great looking short chart. Should fall down any day. To verify that the XLK has rolled over, the two hanging man candlesticks circled would require confirmation to the downside with the next candle. Interesting to see the prior circled area where two doji candles ushered in a big selling day. We'll see what the two hanging man candles usher in. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.