Tuesday, July 08, 2008

XLF -Change is Coming?


This is an hourly chart of my 3C indicator and XLF. It appears as if 3C is about to make a leading positive divergence, this would be a huge development considering that financials have been the epicenter of the bear-slide disaster the last two months. At this point it could really go either way, but it hasn't been this close to making such an impressive move on such an influential chart timeframe since I can remember and I watch every day. I'll try to keep it updated, but this fits in very well with what I posted last night.

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