5.20.2008

XLE has arrived at the $90 milestone..



I just realized the XLE price pattern once the ETF reached $50 and $70 for the first time, was the same (small retracement, add 5 pts, then major pullback). And when XLE reached $60 and $80 for the first time, the price patter was the same, just pullback. So, the price pattern is 50,70,90... XLE is at 90, therefore, small pullback, add 5 more pts to 95, then back to 75...

tb

No comments: