Technical patterns

XLF has broken decisively above an important resistance level with strong volume (click on the chart to enlarge it). The sharp rise is too big to ignore.

Usually, this type of pattern is bullish. Let's see if XLF follows the rule.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked best market timer in the 12 and 6 months ending 8/20/10 by Timer Digest

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