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Monday, August 8, 2011
XLI Industrials Daily Chart Bear Market 20% Drop
XLI industrials show the 20% drop from the 38.5+ level, which is accepted as an indication of a bear market move now. the 30.80 prints and lower are in excess of a 20% pull back. This places industrials (XLI), small caps (RUT), semi's (SOX) and financials (XLF) all in a bear market now since their charts have all pulled back in excess of 20% since the tops. This informaiton 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 financial advisor before making any investment decision.
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